Cigna to Cut 3,900 Jobs
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From Bloomberg News
Cigna Corp. said it will eliminate 3,900 jobs as the company tries to cut costs after underpricing its premiums.
The company expects to have an expense of $98 million in the fourth quarter for the job cuts, Cigna said.
Shares of the Philadelphia-based company fell 20 cents to $41.30 in NYSE trading before the announcement.
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