Aetna to slash 6,000 jobs. (Companies).In an effort to improve its operating performance, Aetna Aetna, volcano: see Etna, Italy. Inc. will reduce its overall work force by about 6,000 positions to better align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. its staffing with its lower membership levels, it said. As a result, it will record a fourth-quarter charge of about $125 million, for severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when and related facilities costs. About 4,400 of the positions will be eliminated through targeted job cuts, while the remainder, or about 1,600, will be achieved through attrition Attrition The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry. Notes: , it said. Aetna employs about 37,000 workers overall. The severance actions are scheduled to continue throughout 2002. |
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