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WOONSOCKET, R.I. — CVS Health plans to terminate about 600 corporate jobs over the next couple of months.
The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said.
In a statement, CVS Health indicated that the job reductions reflect fluctuations in the health care business environment.
“CVS Health continually reviews its operations in all of its markets and facilities across the U.S. to enhance efficiencies and ensure the company remains in the best competitive position to improve the health outcomes of its patients and clients while lowering their overall health costs,” CVS said in the statement. “Following a thorough evaluation process, we have determined that changing market dynamics and the increasingly competitive environment require us to operate as a more lean and efficient organization.
“As a result, we are eliminating a small percentage of positions at CVS Health in November and December 2016 in order to focus roles and resources on driving the greatest value for our business while maintaining customer satisfaction,” the company stated.
CVS, which employs more than 240,000 people nationwide, didn’t specify from which divisions the job cuts would be made. The company said the affected employees will be able apply for other positions in the company. Those not placed in positions will be eligible to receive a severance package and career assistance.
