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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
January 06, 2009 at 11:03 AM
A managed care company is consolidating offices and eliminating about 4% of its workforce.
CIGNA Corp., Philadelphia, says it will be cutting about 1,100 positions by mid-year.
CIGNA will post a charge of about $30 million to $40 million for the fourth quarter of 2008 to account for the cost of making the changes, the company says.
“Decisions like these are difficult and never made lightly, but they are necessary given the current environment,” CIGNA Chairman H. Edward Hanway says in a statement.
Employees affected by the job cuts will be eligible for severance benefits and outplacement help, CIGNA says.
CIGNA says it expects to give more information about cost reduction efforts Feb. 5, when it holds its fourth-quarter earnings call.
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