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Prudential to limit job losses, plans local philanthropy in Hartford, Conn.
Knight Ridder/Tribune Business News, July, 2004
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jul. 2--Prudential, the new parent of CIGNA's retirement business, is easing its way into Hartford with promises of pumping more money into the community and a better forecast for jobs than expected.
Prudential Financial Inc., which bought the Hartford-based CIGNA operation April 1 for $2.1 billion, originally expected to eliminate about 200 of the 800 jobs in Hartford over a year or more, some by attrition.
Now Prudential expects less shrinkage of the workforce -- it isn't giving new numbers yet -- and is already planning to bring some new jobs to the city.
"We're more optimistic as we sit here today," John Y. Kim, president of Prudential...
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