Outplacement Offered as Aetna Cuts Jobs

One insurance company is planning to eliminate more than 1,000 positions, including more than 100 Connecticut jobs, and will offer outplacement from an unnamed company to those employees.

Aetna recently announced that it will layoff about 1,250 workers by the end of Q1 2010, a move that will result in the loss of 160 positions in Connecticut. The company plans to layoff 625 employees now and the rest by the end of Q1 2010.

Company officials say the cuts are a result of declining enrollments caused by the economic downturn, as well as the threat of healthcare reform and regulatory changes being proposed by the federal government. Employees who are eligible will receive severance benefits based on length of service, outplacement services and other support programs.