FINANCE: Peterborough and Stamford FT plans to cut 300 posts to help tackle a £38m gap in its finances.

The trust’s chair Nigel Hards said in a statement: “We presented our income and expenditure budgets for 2011-12 which shows a financial gap of £38m in the coming year. This is a serious financial situation, in line with many other acute hospitals, and we are working to address this challenge while absolutely maintaining the safety and quality of care for our patients.

“We have already put measures in place to reduce spending across all areas and are building a robust savings and efficiency plan. However, to help us deliver these
savings, we need to remove around 300 posts from across the trust. We will seek to minimise the number of redundancies by taking steps including reducing our
temporary workforce (agency staff) and by not filling non-essential vacant posts.

“Most of our savings will be made in the next two years, but it is likely to take three years to achieve our plans. While this is an important challenge for the trust, we will work with all our stakeholders including patients, staff and partner organisations to ensure our absolute priority remains the safety and care of our patients.”