CAMC Health System CEO announces 300 job cuts in 7-minute YouTube video

Charleston (W.Va.) Area Medical Center Health System President and CEO Dave Ramsey posted a YouTube video Thursday announcing the system's plan to cut 300 jobs by the end of this year, according to the Charleston Gazette-Mail.

In the seven-minute video, Mr. Ramsey said financial concerns prompted the system to cut jobs. He said CAMC Health System faced a $40 million loss after the first five months of 2017.

Mr. Ramsey said 56 of the 300 positions have already been eliminated, and the system hopes further cutbacks will take place through attrition.

The system is also closing programs to shore up its finances, including the Lighthouse Childcare and Development Center, the Dean Ornish and pulmonary rehab programs and Cross Lanes pharmacy. The system's fertility and dental centers will be realigned with other existing departments, according to the report.

"While I wish we did not have to make these changes, all of these programs serve very few patients or employees and do not cover their costs," Mr. Ramsey said.

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