The lay-offs are part of a larger hospital reorganization plan designed to cut costs and stabilize its finances. In addition to the 133 job cuts, the hospital will be eliminating 144 vacant positions.
The hospital has been struggling financially, with a May 2011 report showing the hospital’s operating margin sat at a low 0.3 percent. Medicaid and low employment levels in the area have also affected the hospital’s profitability.
Read the news release about Lakeland Regional Medical Center’s lay-offs.
Related Articles on Hospital Lay-Offs:
Illinois’ St. Mary’s Hospital Closes Some Services, Lays Off 28 Employees
Maryland’s Meritus Medical Center Eliminates 15 Positions
Colorado’s Vail Valley Medical Center Cuts Execs’ Salaries, Lays Off 22 Employees
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