She declined to discuss other details about the buyouts.
"The health care industry is going through major changes, and BCBSIL is no exception,"
Employees who take the buyouts will receive "enhanced separation benefits," according to the statement. The buyouts, first reported by Crain's Chicago Business, are being offered to full-time employees in select divisions and job classifications.
"Companies of that size that suffer losses and are looking ahead and seeing challenges on the horizon are frequently looking to, in a sense, right-size their workforce," Baumgarten said.
He noted that the company suffered losses, in particular, in its
(c)2016 the Chicago Tribune
Visit the Chicago Tribune at www.chicagotribune.com
Distributed by Tribune Content Agency, LLC.