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INDIANAPOLIS ? The second largest health system in Indiana has announced it has reduced its labor expenses by 5 percent after spending a month evaluating and restructuring its workforce.
The Indianapolis Business Journal reports (http://bit.ly/11OmQwJ ) St. Vincent Health, an Indianapolis-based network of 22 hospitals, is eliminating about 865 jobs in Indiana. St. Vincent announced last month it would cut an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry. St. Vincent employs about 17,300 at its 22 hospitals.
St. Vincent's layoff announcement is the largest single reduction to date among Indiana's largest hospitals.
Information from: Indianapolis Business Journal, http://www.ibj.com
Source: http://www.tribtown.com/view/story/219be2b45ec74c698b6e4060c5cc068f/IN--St-Vincent-Restructuring
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