Aetna tells employees it will pursue staff cuts

Health insurer Aetna Inc. has warned employees that it will pursue "selective" staff cuts as it adjusts to the major economic downturn. Company Chairman and CEO Ronald Williams did not say how many cuts would be made in a memo posted on the company's intranet site. He also did not offer a timeframe. Williams said Aetna was looking at staff reductions as it pursues "all appropriate options" to reduce costs.