In an effort to reach its goal of aligning cost structure with its membership outlook for 2010, Aetna is reducing its workforce by approximately 625 positions. Aetna currently has approximately 35,500 employees. The company expects to incur a restructuring charge of approximately $40 million, after tax, as a result of the workforce reductions and ongoing real estate consolidation.
“The economic downturn has had a significant impact on our customers,” says Ronald Williams, Aetna chairman and CEO. “In addition, we must prepare for the impact that health care reform and regulatory changes may have on our business. Streamlining our business now will enable us to improve our competitiveness, and redirect resources to areas with a greater potential for future growth. Change is never easy but, working from a position of strength, we should be able to manage through the evolving environment.”
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