- Associated Press - Thursday, May 1, 2014

NORTH VERSAILLES, Pa. (AP) - Express Scripts plans to cut 55 of 140 pharmacists who work at a facility near Pittsburgh as part of a buyout that aims to cut 260 workers across the country.

The St. Louis-based company, which manages prescription benefits, is hoping the pharmacists at its North Versailles (ver-SAYLS’) location will take the buyout.

Spokesman Brian Henry says the company determined it was overstaffed in some areas, and is looking to cut costs as business slows.

The buyouts were announced Wednesday, a day after the company reported its first-quarter earnings dropped 12 percent to $328 million from $373 million a year earlier.

Express Scripts runs prescription drug plans for employers, insurers and other customers, by processing mail-order prescriptions and handling billing for prescriptions filled at retail pharmacies.



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