Tuesday, December 09, 2008


Principal Financial to cut 550 jobs

Insurance, banking, retirement and asset manager Principal Financial Group Inc. said Tuesday it is cutting 550 jobs, about 3.5 percent of its work force... The Des Moines, Iowa-based company said the cuts are the result of continued deterioration of U.S. and global markets.

The cuts include 300 jobs at its Des Moines, Iowa, corporate headquarters and 250 in 45 other locations...

Forbes: Principal Financial to cut 550 jobs

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