PUEBLO, Colo. (AP) — Hospital officials say a Pueblo medical center is going in a different direction in order to remain economically viable, resulting in the loss of nearly 300 jobs.

The Pueblo Chieftain reports that St. Mary-Corwin Medical Center on Thursday announced a restructuring plan set to go into effect in May, reducing staff by nearly 40 percent and paring down several departments.

Chief Executive Officer Mike Cafasso says the hospital is taking a "new strategic direction" to retain its commitment to quality care while seeking better sustainability.

The hospital plans to focus on its cancer care and orthopedic services and rework its primary care services.

Cafasso says the employees who will lose their jobs will be given severance packages and job placement assistance.

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Information from: The Pueblo Chieftain, http://www.chieftain.com