Sections

Weather Forecast

Close
Advertisement

Blue Cross Blue Shield lays off 63 workers in cost-cutting move

Email News Alerts

Blue Cross Blue Shield of North Dakota has trimmed 13 percent of its payroll by laying off 63 employees and not filling 57 vacancies as part of a cost-cutting strategy.

Advertisement

The layoffs, announced Monday, will save $3 million in future annual payroll costs but result in a one-time severance payout of $875,000, the company said.

Altogether, the efficiency moves will cut $13 million from the Blues' budget next year, with 60 percent of total costs attributed to payroll and benefits.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
randomness