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updated: 9/23/2009 8:39:34 AM
WellPoint Says Work Force 'Adjustments' Possible
A statement released by Indianapolis-based WellPoint Inc. (NYSE: WLP) indicates layoffs may be possible as the company negotiates the current economic climate. The health benefits provider says the recession has reduced membership in affiliated health plans as client companies reduce their labor force. In order to operate more efficiently in 2010, WellPoint says it is reviewing the size and skills of its work force, and it will make adjustments as necessary.
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Statement From Wellpoint, Inc.
WellPoint continually monitors the economic environment to ensure our workforce and administrative structure is appropriate to meet the needs of our customers and members.
As the economic environment changes, WellPoint reviews the size and skills of our workforce and makes adjustments as necessary.
The current economic downturn has affected our customers, and many employers have reduced the size of their labor force in response. This in turn has affected the membership of WellPoint's
affiliated health plans.
As a result, we are examining ways we can operate more efficiently in 2010, which we believe is essential to allow us to invest for the longer term and to innovate for the benefit of our customers and members.
Source: WellPoint, Inc.
