Aetna (NYSE: AET) said on Wednesday that the health insurer expects to incur a charge between $60 and $65 million in the fourth quarter to cover costs associated with job cuts and real estate consolidation.
The company said that it expects an after-tax expense of $40 million that coincides with its plan to cut 625 jobs, or nearly two percent of its work force, which was announced in November.
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It also said it would make a similar number of cuts by the end of 2010.
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