WebMD Up 9% on Announcement of Job Cuts and Restructuring - TheStreet

WebMD

(HLTH)

rose 8.9% in preopen

Island

trading after its board approved a plan to cut 1,100 jobs by the end of 2001. The company will take a charge of $35 to $40 million in the current quarter and said it expects savings of $250 million by late 2001.

WebMD also said it would divest its plastics and filtration units.