The company that owns Presbyterian Hospital is about to lay off nearly 300 people.

The CEO of Novant Health sent out a memo on Tuesday.  In it, he blames the recession and health care reform laws for creating a tighter bottom line.

Novant is cutting 289 positions company-wide, and 103 will be in Charlotte.

But the company isn't saying which of the four Presbyterian facilities will see cuts.

The CEO said 28 percent of the cuts will be management positions, even though managers make up just 7 percent of the workforce.

CEO Carl Armato listed four specific reasons for the layoffs: a national mandate to make health care more affordable, the poor economy, lower reimbursements, which means the hospital is paid less for services, and that Novant has increased charity care by 200 percent during the past five years.

Anyone being laid off will be notified this week. The CEO said those employees are encouraged to apply for some of the 1,300 other openings the health care company has.

More information:
novanthealth.org/Jobs.aspx