Worcester health insurer lays off 62 workers
WORCESTER, Mass. (AP) — A Worcester-based health insurance provider has announced that it is laying off 62 workers, or about 6 percent of its total workforce.
Fallon Community Health Plan President and Chief Executive Patrick Hughes said in a written statement Thursday that the insurer made the cuts to operate as efficiently and effectively as possible.
The Telegram & Gazette (http://bit.ly/1bcPjQD ) reports that the statement said the decision was made “following a very careful review of our current and projected costs.”
Fallon continues to employ about 1,060 workers.
The health insurer posted net income of $7.3 million during the second quarter ended June 30. At that time, it had 229,385 members.
Fallon reported that workers affected by cuts are receiving severance and job placement services.
Information from: Telegram & Gazette (Worcester, Mass.), http://www.telegram.com