WPS cutting 451 jobs, including 250 in Madison area - WKOW 27: Madison, WI Breaking News, Weather and Sports

WPS cutting 451 jobs, including 250 in Madison area

Posted:

MADISON (WKOW) -- Wisconsin Physicians Service Insurance Corporation (WPS) notified the state Department of Workforce Development that it plans to lay off 451 workers, including 250 in the Madison area.

WPS says the cuts will come from its offices on E. Olin Avenue in Madison and on the 1700 block of W. Broadway in Monona (those buildings have a Madison mailing address).

Another 201 employees will be laid off from its office in Wausau.

The company says the layoffs are set to begin March 29, 2013.

WPS says the cuts are due to competition and losses in the federal government contracts market.

The Department of Workforce Development says it will work with the affected employees to help them find other jobs.

WPS is a not-for profit corporation that offers commercial health insurance products.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Anna Engelhart at 608-661-2767. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.