Baystate Health announces more job cuts in restructuring plan
SPRINGFIELD, Mass. (WWLP) – More Baystate Health employees will soon be out of a job as the company wraps up a plan designated to get in better financial shape.
Baystate Health announced that 43 employees are being let go this week. Since the fall, the health system has been implementing a plan designed to improve its fiscal health. This comes after experiencing more than $300 million in operating losses over the past few years.
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The plan called for a seven percent reduction in their workforce, with a majority of those being through retirements or resignations.
Baystate Health President and CEO Peter Banko released a statement reading in part,' Since November 2024, we have had to make some very difficult decisions to reduce our workforce in total by 7%, and while this directly impacted a significant number of our team members, 60% of the total reductions were realized through attrition. Attrition is a gradual reduction through resignations or retirements with elimination of those positions by not filling the vacancies. Even with this ongoing focus and disciplined approach to attrition, we did have to make the difficult decision to eliminate positions within Baystate Health this week and as a result, 43 individuals will be leaving Baystate Health. These positions were selected to minimize impact to direct patient care. Individual discussions with those impacted will be completed no later than Friday, May 2.'
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on WWLP.com.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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