|By Alex Nixon, The Pittsburgh Tribune-Review|
|McClatchy-Tribune Information Services|
The company, which has now cut more than 260 workers since early February, said the staff reductions were unrelated to the pending expiration of its contract with UPMC,
"We are transforming health care in our markets and our workforce needs to be aligned to our strategies," spokesman
Part of the transformation includes creating the Allegheny Health Network of hospitals and doctors that is competing with UPMC for patients in
The pressure of trying to hold onto its members led rating agency Standard & Poor's to downgrade Highmark's credit rating last week. S&P analysts said they expected weaker profit from Highmark because it was cutting premiums in an effort to retain insurance customers.
Highmark doesn't release quarterly financial reports. Its last financial report was for 2012 and showed net income of
Last month, Highmark laid off 28 workers in its finance department and 132 people in information technology and sales.
Allegheny Health Network also has been eliminating jobs to trim expenses. The health system's flagship hospital, Allegheny General on the
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