Brigham and Women’s may ask more employees to take voluntary buyouts
Boston’s Brigham and Women’s Hospital may ask more of its 18,000 employees to voluntarily give up their jobs to minimize forced layoffs.
The hospital has already offered buyouts to around 1,600 employees, with about 45 percent, or 720 employees, accepting the “voluntary separation opportunity,” as the hospital described it in a statement according to the Boston Globe. The buyouts have been offered to workers age 60 and older, with one year of base pay and 20 months of health insurance coverage included.
“These decisions are not made lightly,” the hospital said in the statement. “However, we owe it to our current patients—and those who will need our care in the future—to proactively mitigate unprecedented financial challenges to sustain our mission of maintaining and restoring health through leadership in compassionate care, scientific discovery and education.”
To read more about why the profitable hospital is trimming its staff, click on the link below: