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Highmark Cuts 209 Jobs

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NU Online News Service, May 3, 2004, 4:44 p.m. EDT – Highmark Inc., Pittsburgh, is laying off 209 of its 11,000 workers.[@@]

The managed care company eliminated 115 positions in western Pennsylvania and another 94 in the central part of the state.

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Highmark is making the cuts because it lost more than 400,000 members over the past 12 months, the company says.

Displaced employees will receive outplacement services, at least 4 weeks’ severance pay and help with buying COBRA health insurance, Highmark says.