NU Online News Service, Jan. 9, 6:19 p.m. – CIGNA Corp., Philadelphia, says it will eliminate 2,000 jobs and realign service operations at its Employee Health Care, Life and Disability Benefits unit.
CIGNA is including $100 million in expenditures for the realignment and other cost-cutting efforts in earnings for the fourth quarter of 2001. About half the expense will be for cutting jobs, and half for cutting offices, the company says.
CIGNA had about 43,900 employees Sept. 30, 2001, according to company figures.