News in Brief
Home
Complete archive of features and news articles, sample policies and procedures, assessments, and surveys.
Network and exchange ideas with other members in the forums or ask an expert in one of the hosted forums.
Access vendor directories, product case studies and showcases.
Read Best in Shows, view our conference calendar, read commentaries and take our news poll.
The Hot List
Blogs
Topic Channels
Comp, Benefits, Rewards
HR Management
Legal Insight
Recruiting and Staffing
Software and Technology
Training and Development
= Member Only
Workforce HR Jobs
Find A Job
Post A Job
Subscribe Now
Workforce Magazine
Subscriber Help
























= Member Only


News in Brief: Memo Cites Job Cuts at Health Insurer Aetna
  

Memo Cites Job Cuts at Health Insurer Aetna
There were no further details on when the cuts would come or how many employees would be affected.
Comments 0 | Recommend 0
November 13, 2008
Memo Cites Job Cuts at Health Insurer Aetna
Aetna Inc. is planning staff cuts as the health insurer expects the economic downturn to extend into 2009.

An internal memo was sent to employees of Hartford, Connecticut-based Aetna by Ronald Williams, chairman and CEO, explaining that “selective” cuts would need to be made as a result of the economic slowdown, an Aetna spokesman confirmed.

The spokesman provided no further details on when the cuts would come or how many employees would be affected.

Aetna previously reported that its third-quarter net income dropped 44 percent to $277.3 million, primarily because of investment losses. Meanwhile, the insurer reported that enrollment was up 1 percent to 17.7 million for the quarter.

Filed by Jeff Casale of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

 

News in Brief Archive

Comments

Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content you post.





Subscribe to Workforce Management

If you enjoy the content on the Workforce Management Web site and want to see more, try 3 issues of our print edition risk-free. If you wish to continue, you will receive one full year for just $79. That's over 59% off the cover price. If you decide Workforce Management is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 3 issues are yours to keep with no further obligation to us. Sign up below.

3 Free Issues

Name:
E-mail:
Company:
Address:
City:  State:
Zip/Postal Code:  Country:
  
Offer valid for new Workforce Management Subscribers only.
Canada subscribers - $129. All other Foreign - $199.



Sponsored Tools
How well do your employees communicate?
Improve Working Relationships and Communication with Your Employees.
Get Rid of the Performance Review.
Replace them with Performance PREviews. Improve performance through coaching.
Discover PCRecruiter HR Solutions
Web-Based HR Solutions Used By Organizations Worldwide. Schedule a Demo Now!
Online PHR Certificate Program w/ Villanova Univ
SHRM Approved HR Certificate Program from Villanova University. 100% Online - Find Out More Now!
HR Degrees & Certificate Programs
Browse Specialized HR Degree Programs. Find a Program That Fits Your Schedule.





Similar Documents
Related Topics






Copyright © 1995- Crain Communications Inc.
All Rights Reserved. Terms of Use Privacy Statement