MORE than 200 members of staff at King’s Mill Hospital could lose their jobs as it battles to balance its books by making massive cuts.
The hospital needs to make savings of at least £14m this financial year in order to reduce its costs by £22m next year.
Two-thirds of its expenditure is on staff pay and hospital bosses have said that this is one of the most important areas to focus on in order to make the necessary cuts.
Proposals to achieve savings of 320 whole-time equivalent (WTE) posts have been announced, which is expected to equate to a reduction of 235 actual posts.
Dr Mark Goldman, interim chief executive of Sherwood Forest Hospitals NHS Foundation Trust, said that its services need to be more efficient.
“As 67 per cent of our current spend is on staff pay, equating to £146m, it is vital that one of the most important areas for us to focus on is a significant workforce change programme. We need to ensure that we match our staffing levels to the services we provide.
“We will do all that we can to keep compulsory redundancies to a minimum,” he said.
“Patients can be reassured that our quality of care and service provision will continue to be of the highest quality.”
With hospitals nationwide increasingly finding their finances being squeezed, King’s Mill is also facing a reduction in its income by £5m this year and by at least £21m - or nine per cent - over the next three years.
The hospital’s costs will increase by £1m in 2012/13.
It currently spends £1.11 for every £1 of funding it receives and even after delivering the cost improvement programme of a minimum of £14m, it will still be spending £1.05 for every £1 received, leading to a deficit of £12.6m this year.
Costs need to be reduced by £30m in the next three years.
Trust chairman Tracy Doucet said that it was a ‘difficult time’ for all staff and they will work closely with them over the coming weeks to deliver what they need to do.
She added: “Our ambitious vision is that by 2020, we will be recognised across the East Midlands as the best provider of secondary care, and also as the creator and best provider of high quality, cost effective integrated care, forging new partnerships with our colleagues in primary, secondary and social care.
“We will continue to do this by ensuring we continue to have the Best Care, provided by the Best People in the Best Place.”