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Wednesday, October 18, 2006

Tufts to move out of Waltham


In a cost-cutting move, Tufts Health Plan will leave its Waltham headquarters next year and consolidate operations in Watertown, where most of the insurer's 1,800 employees already work.

About 500 employees will be moved to ``under utilized space" at 705 Mt. Auburn St. in Watertown, where Tufts occupies 426,000 square feet of a 440,000-square-foot building, the company said. The move comes in the midst of a layoff affecting fewer than 100 employees. The health insurer is also eliminating 50 unfilled positions.

``This is another move that shows us to be effective and cost-efficient," Patti Embry-Tautenhan, a Tufts spokeswoman, told the Globe. ``We are being responsible stewards of our resources."

-- Jeffrey Krasner

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