Quantcast

Wake Forest Baptist announces 350 jobs eliminated - Greenville, NC | News | Weather | Sports - WNCT.com

Wake Forest Baptist announces 350 jobs eliminated

Posted: Updated:
WINSTON-SALEM, N.C. -

Wake Forest Baptist Medical Center says it will eliminate nearly 350 jobs as part of its continuing restructuring efforts.

A statement released by the hospital on Thursday said eliminating the jobs will help close what it calls an increasing gap between growing expenses and declining reimbursement from federal and state health insurance and other sources.

The hospital began notifying employees last month that their positions had been eliminated. Employees whose positions are eliminated are being given 45 days of paid notice with health benefits, followed by a severance package based on length of service and position.

Wake Forest Baptist Chief Executive Officer said that letting people go was not an easy decision. The hospital employs more than 14,000 faculty and staff at all of its locations.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.