Hundreds of job cuts stemming largely from the pending loss of two major federal contracts will begin soon at Monona-based WPS Health Insurance.
WPS filed notice with the state Monday that 451 employees in Monona, Madison and Wausau would likely lose their jobs starting March 29. That includes 250 people in Madison and Monona, and 201 in Wausau, where about 300 work now.
And there could be more job cuts coming.
Founded in 1946, WPS is Wisconsin’s leading nonprofit health insurer. It currently employs about 3,600 people, including some 2,500 in the Madison area.
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