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Article: Blue Cross expected to cut 500 jobs
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- May 27, 1995
- Author:
CopyrightCopyright 1995 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Blue Cross and Blue Shield of Massachusetts is expected to
eliminate between 500 and 800 jobs beginning next month as part of an
ongoing effort to cut $25 million from its 1995 budget, sources close
to the company said yesterday.
Up to 14 percent of Blue Cross' 5,600 employees will be affected,
said the sources. Blue Cross plans to begin handing out pink slips
within the next two weeks, starting in its finance department, they
said.
Blue Cross officials would not confirm the number of jobs to be
cut.
"This is just normal business to try to be as efficient and
mindful of expenditures as we possibly can," said Evelyn Murphy,
executive vice president of corporate affairs at Blue Cross. "We ...