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EXPRESS SCRIPTS-JOB CUTS
Express Scripts to cut 290 pharmacist jobs in central Ohio as part of larger staff reduction
Reported by: Associated Press
Reported: Friday, May 9, 2014 5:29 PM EDT
Express Scripts plans to cut 290 jobs at its Columbus facility as part of a national staff reduction.
All told, the St. Louis-based company plans to eliminate 1,890 of about 29,000 employees nationally through a combination of staff reductions and buyouts.
The announcement, which came last week, followed release of first-quarter earnings that fell 12 percent, to $328 million from $373 million a year earlier.
Spokesman Brian Henry said business operations have been re-evaluated after a merger two years ago and loss of a major client.
Express Scripts runs prescription-drug plans for employers, insurers and others. It processes mail-order prescriptions and handles billing for prescriptions filled at retail pharmacies. It filled 320 million prescriptions in the first quarter.