MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 22, 2007 Putnam Axes 75 Jobs In the wake of the close of its sale to Power Financial's Great-West Lifeco, Putnam Investments has eliminated 75 jobs, a company spokesperson confirmed to The MFWire. Putnam spokeswoman Laura McNamara said the cuts were made in the distribution and support departments. She said no positions in the investment division were eliminated. "We've been carefully managing costs to improve margins, and there was an overlap in distribution and support [post-merger]," McNamara told The MFWire. There are no plans for additional layoffs, she added. Putnam's sale to Great-West closed on August 3. Printed from: MFWire.com/story.asp?s=15485 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |