The West Penn Allegheny Health System reported a $17.4 million operating loss for the first quarter of the new fiscal year, while investment income fell from $7 million a year ago to $1 million. As a result, West Penn Allegheny has eliminated 300 full-time equivalent positions and reduced some employee benefits, including a restructuring of retirement benefits for nonunion employees that "yielded the largest savings" of the $23 million reduction in nonlabor costs.