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March 17, 2009 at 08:00 PM
Lincoln National Corp. says it is responding to the recession by reducing more expenses.
Lincoln, Radnor, Pa., which does business as Lincoln Financial, also has announced changes in its top executive ranks.
Lincoln, Radnor, Pa., which does business as Lincoln Financial, also has announced changes in its top executive ranks.
Lincoln will be adding $250 million cost reductions by the end of the year, the company says.
In late 2008, Lincoln announced a company-wide restructuring that would achieve $150 million in savings by the end of 2009.
Lincoln has not specified how it will be making the additional expense cuts.
