Mater Private Healthcare is to cut its workforce by about 10 per cent . The company said it would require approximately 95 redundancies from a staff of around 980.
“Market conditions for the private health sector have presented the Mater Private Healthcare Group with a number of challenges in recent years. There has been a significant reduction in the number of people with health insurance,” it said.
Moves to reduce the size of its workforce comes as part of an overall cost-cutting programme at the company, which acknowledged that the recent announcement regarding a reduction in tax relief for those with private health insurance “may cause further erosion” within the sector.
The company said that while steps had been taken in recent years to reduce costs this had fallen short of what was necessary.
“Mater Private has no choice but to reduce headcount by around 95, which it will seek to do by way of a voluntary redundancy programme,” it said. “Mater Private has concluded that this step is unavoidable in order to safeguard as many jobs as possible for the future, while maintaining a high level of patient care.”
