Choice Care Card lays off ‘fewer than 20’ workers

first_img— Kevin Kelley, Vermont Business Magazine. 3.4.2010 “We re-engineered our process to become more efficient, Hunter said. That resulted in the ability to reduce the workforce.Hunter declined to comment on an e-mail message from a source outside the company indicating that the affected workers had received no advance notice of their layoffs. He also did not respond to the source s report that the pink-slipped employees had their health insurance terminated as of Feb. 28 and were given two weeks severance pay. Choice Strategies,One of Vermont s fastest-growing companies remains on track for continued expansion despite a recent round of layoffs, its CEO says. Choice Care Card, based in Waterbury, was a recipient of a 2009 Vermont Business Magazine award in recognition of the 711 percent growth in sales that it achieved during the previous five years. The company holds the sixth position on the magazine s list of the top 10 growth firms in the state as of 2008. CEO James Hunter acknowledged in a March 4 interview, however, that the company recently laid off fewer than 20 employees.center_img Hunter said more than 100 workers remain at the nine-year-old company, which pioneered a debit card-based health coverage program involving reimbursement arrangements and flexible spending accounts. Choice Care says it serves 3000 employer-clients that together represent about 150,000 people. The company reported $5.2 million in sales in 2008, compared to less than $1 million in 2003. Choice Care is known as a great place to work due to its fast-paced, energetic environment, progressive benefits, wellness program, car-pool program, flex-time, community involvement and opportunities for growth and promotion, the company s publicity material says. The company is poised to continue its rapid growth, Hunter said, noting that Choice Care is currently developing opportunities on the West Coast.last_img

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