Health insurer Aetna could cut its workforce, offer an early retirement option and change its work from home policy, Hartford Courant reports.
In an effort to curb operating costs, the Hartford, Conn.-based insurer will cut 800 jobs associated with Affordable Care Act policies in states where Aetna ceased participation. Aetna CEO Mark Bertolini said 400 affected workers were offered in-house jobs.
In addition, Aetna will offer a voluntary early retirement program among "several planned actions to help position Aetna for continued growth in 2017 and beyond," Aetna spokesperson Matt Clyburn told the Hartford Courant. Mr. Clyburn did not say how many employees would be offered the plan.
Under the revised work from home policy, managers living in a 50-mile radius of an Aetna office will be required to work in the office next year to enhance collaboration and innovation. Nonmanagerial employees will also return to offices over time.
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