Hywel Dda University Health Board chair Neil Wooding said the situation at the health is “probably more serious than we can imagine” and that if significant savings are not made by February there would be “no cash” and redundancies would follow.
Hywel Dda University Health Board chair Neil Wooding said the situation at the health is “probably more serious than we can imagine” and that if significant savings are not made by February there would be “no cash” and redundancies would follow.
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NewsTranscript
00:00So, the reason why I'm saying this is that we have to, at all costs, demonstrate the
00:06fact that we can return to a balanced budget by the end of this year, and with every month
00:11that passes, that task becomes more difficult if we can't demonstrate that we are making
00:16the necessary savings.
00:19So I would charge the Board, the Chief Executive, the Director of Finance, to develop a contingency
00:25plan as we move forward in the event that we are going to fail in our current endeavour.
00:31I want to know what radical steps we will take in the course of the next three months
00:36to be able to deliver some of the cost savings that we are anticipating, because if we do
00:42not, we will be in a situation in February where we have no cash, we will not be able
00:47to pay our creditors, and we will also be looking to make people redundant, forcefully,
00:52as the case may be.
00:54So my view is, let us, as much as possible, try to identify what actions we can take in
01:00the meantime, above and beyond what we are currently seeing, to avoid reaching a situation
01:06that, frankly, most of us in this room would find unacceptable.