Dartmouth-Hitchcock Lays Off 84 Workers To Cut Costs
Lebanon — Dartmouth-Hitchcock will lay off 84 employees as part of its efforts to restore its financial health after the recent discovery of a $23 million quarterly operating deficit, the health care provider announced on Monday.
The layoffs are part of what Chief Executive James Weinstein described as “a performance improvement process, mostly related to reducing our overall expenses,” after a 12-month period in which D-H posted a $12 million loss and a negative 0.8 percent operating margin.
Last month, Weinstein said D-H would seek $100 million from cost cuts or revenue additions.
And that could require D-H to lay off as many as 460 of the 9,200 employees from its flagship Mary Hitchcock Memorial Hospital and other clinics around New Hampshire, he warned at the time.
Read more: http://www.vnews.com/Dartmouth-Hitchcock-Puts-Layoff-Toll-from-Cost-Cutting-Plan-at-84-Employees-5435732