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Premier to cut workforce

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Premier to cut workforce

Premier Inc. is implementing certain personnel adjustments, including a workforce reduction, to realign its resources for future growth areas.

The personnel adjustments affect about 3% of total employees, or about 75 positions, 65 of which are related to the company's workforce reduction.

The company expects the workforce reduction to result in pretax cash restructuring charges, primarily relating to severance and transition assistance, of about $5.2 million. Charges related to the workforce reduction, which is expected to be substantially completed in February, will be expensed in the quarter ending March 31.

A majority of the affected employees are from the company's performance services segment.