Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Lincoln To Cut 600 To 800 More Jobs

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 4, 2003, 1:35 p.m. EDT – Lincoln National Corp., Philadelphia, says it already has cut 200 jobs and will eliminate 600 to 800 more jobs as a result of a previously announced effort to realign the company’s organizational structure.

Lincoln reported earlier this year that the realignment would lead to the elimination of 115 jobs and affect its life and annuity businesses in Fort Wayne, Ind.; Hartford; and Schaumburg, Ill. Now the company says the realignment also will affect its other U.S. operations.

Lincoln will be including $15 million in charges related to the realignment in its second-quarter earnings.

The company included $6.4 million in realignment-related charges in its first-quarter earnings.

Lincoln estimates that the realignment will save about $95 million this year.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.