GRAND FORKS (AP) - Altru Health System's chief financial officer says Altru may cut about 30 full-time positions next year, but he believes it can be done without layoffs.

Dwight Thompson said the cut would be about 8 percent of the health system's workforce. He said it can be handled through normal attrition of the 3,400 staff over the year, "if managed appropriately."

Thompson said that in the first 11 months of the year, Altru has lost about $17 million in its investment portfolio. He said that amounts to a loss of about 15 percent, and called it the worst performance of investments in his 26 years with the nonprofit.

Through the first nine months of the year, Thompson said Altru Health Systems and Affiliates broke even, practically speaking, by spending only about $288,000 more than its $280.8 million in revenues.