Stock Markets3 hours ago (Sep 30, 2020 05:20PM ET)
(C) Reuters.
(Reuters) – U.S. insurer Allstate Corp (N:ALL) said on Wednesday it would cut nearly 3,800 jobs across its claims, sales, service and support functions as part of a multi-year restructuring plan.
The firm said it expects to incur a pre-tax charge of $290 million as part of the restructuring, with $210 million to $220 million expected to be recognized in the third quarter.
Insurer Allstate to cut nearly 3,800 jobs
By Reuters – Sep 30, 2020
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By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed out a second consecutive quarter with sharp gains on Wednesday, but risks remain for stocks because the looming…
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