- Associated Press - Thursday, March 17, 2016

CHICAGO (AP) - Chicago-based Presence Health plans to lay off 250 employees during the next three months in a cost-saving move.

The Chicago Tribune reports (https://trib.in/1nRzKrc) the Catholic hospital system also plans to leave vacant 450 jobs expected to open this year through attrition.

The hospital network previously reported operating losses for last year of $186 million.

Presence Health CEO Michael Englehart, who started Oct. 1, announced the layoffs Wednesday during a conference call with bondholders. He says the reductions in staff are expected to save about $50 million. The job cuts will be mostly at the corporate level, rather than among health care workers responsible for patient care.

Presence Health includes hospitals in Chicago, Urbana, Danville and other Illinois locations, and more than 20 long-term care and senior living facilities.

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