Highmark wants to buy out 300 positions

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Highmark Inc., Pittsburgh's largest health insurer, is offering buyouts - "voluntary resignation programs" - to its employees in hopes of cutting its workforce by 300 positions. The buyout packages - being offered to management, business operations support, claims processing, and administrative and clerical staff -- are part of a larger plan to reduce operating expenses by approximately $20 million in 2010.

When asked if layoffs would be an option if Highmark couldn't find 300 people to resign, a company spokesman said "Highmark cannot say what the company's next steps will be until we say how many employees take advantage of this offer."

The 300 employees represent less than 3 percent of Highmark's Pennsylvania workforce, or 1.5 percent of its company-wide workforce.



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