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Aetna To Cut 2,750 Jobs

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NU Online News Service, Sept. 26, 10:25 a.m. – Aetna Inc., Hartford, says it will spend $58 million to close facilities and eliminate 2,750 jobs, or about 9% of its 31,000 workforce, over the next year.

Aetna sold its international and financial services operations to the ING Groep N.V., Amsterdam, more than a year ago and has since been trying to prune money-losing accounts from its managed care business. Aetna now has about 14 million major medical members, one-third fewer than it had two years ago.

“Our turnaround is on track, and we have two solid quarters behind us so far this year,” Dr. John Rowe, Aetna’s chairman, said in a statement. “However, our costs must be reduced to reflect our reduced membership and the realignment of operations with our new business segment model.”