US health insurer Cigna cuts over 1000 jobs
US health insurer Cigna Corp. is cutting about 1100 jobs worldwide, or about 4% of its work force, and consolidating some office locations. It expects to record between $30-40m in fourth-quarter cost-reduction charges, after-tax. (Bestwire)
It's all about the economic downturn, said Chris Curran, a spokesman for Cigna (NYSE: CI). "We are seeing a lot of membership declines," he said. Many of Cigna's employer group customers areOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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