Tuesday, March 17, 2009
Lincoln National's Further Cost-Cutting Could Include More Job Cuts
Lincoln National Corp. said it's considering further job eliminations as it moves to reduce costs, which, when added to earlier moves, are expected to save it about $250 million by the end of this year...
Lincoln initiated a company-wide restructuring effort at the end of last year, which at the time was expected to save it about $150 million by the end of 2009, it said in a statement. The additional actions should increase savings to about $250 million, pretax, it said.
In January, Lincoln said it would eliminate about 540 jobs, or about 5% of its work force. Later, it said would cut its quarterly common stock dividend from 21 cents to a penny a share, saying the move, combined with a prior reduction, would save $400 million...
TradingMarkets: Lincoln National's Further Cost-Cutting Could Include More Job Cuts
Lincoln initiated a company-wide restructuring effort at the end of last year, which at the time was expected to save it about $150 million by the end of 2009, it said in a statement. The additional actions should increase savings to about $250 million, pretax, it said.
In January, Lincoln said it would eliminate about 540 jobs, or about 5% of its work force. Later, it said would cut its quarterly common stock dividend from 21 cents to a penny a share, saying the move, combined with a prior reduction, would save $400 million...
TradingMarkets: Lincoln National's Further Cost-Cutting Could Include More Job Cuts
Permalink posted by markw @ 2:06 PM 
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