Lebanon, N.H.-based Dartmouth-Hitchcock will lay off 84 employees to reduce costs, according to a Valley News report.
The layoffs are part of "a performance improvement process, mostly related to reducing our overall expenses," after closing the fiscal year that ended June 30 with an unexpected $12 million and a negative 0.8 percent operating margin, Dartmouth-Hitchcock President and CEO James Weinstein, DO, said in the article.
Dartmouth-Hitchcock previously announced between 270 and 460 layoffs. However, in a memorandum to D-H employees, Dr. Weinstein said managers had concluded they would be "able to largely achieve our goal" by attrition, delaying some new hires and reducing the number of open and unfilled positions, according to the report.
Rick Adams, a health system spokesman, did not reveal to the Valley News the types of jobs held by employees facing layoffs, the timing of the layoffs or how much the health system expected to save from the downsizings.
Employees affected by the layoffs will be offered job placement services "and a number of resources" over the next 60 days, Dr. Weinstein said in the report. In addition, he said, there have been "preliminary conversations with Dartmouth College to give preferential consideration" for openings there to affected employees.
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