The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Trims Staff Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 22, 2004

Putnam Trims Staff

by: Sean Hanna, Editor in Chief

The retirement plan business at what had been Putnam Investments is cutting seventy jobs. The cuts involve the elimination of redundancies due to the merger of the Putnam retirement plan servicing group and Mercer Human Resource Outsourcing, according to a report in the Boston Globe.

Putnam announced last June that it would merge its retirement servicing business -- which includes its 401(k) recordkeeping arm -- with the Mercer unit.

This was part of Putnam's continuing review of its business," a spokeswoman told the paper. She added that most of the jobs handled administrative work for corporate clients. Putnam plans to provide the workers with severance and help in finding new jobs.

The cuts are being made in local offices in Boston, Andover, Franklin, and Norwood. All counted Putnam employs 5,000 people.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use