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De Omnibus Dubitandum - Lux Veritas

Thursday, September 19, 2013

Layoffs coming to Cleveland Clinic in plan to reduce budget by $330 million

Tom Beres, Sep 18, 2013
The Cleveland Clinic has told workers they will be laying off an unspecified number of employees as part of an overall, sweeping cost-reduction plan. Clinic CEO Dr. Toby Cosgrove discussed the looming cuts and changes in a Wednesday morning all-employee meeting. Clinic spokeswoman Eileen Sheil denied circulating rumors that employees were told there would be 3,000 jobs cut.  She said any layoffs will be part of a multi-year plan to cut $330 million from the Clinic's budget.
The Clinic is the region's largest employer with roughly 42,000 workers.  Sheil said personnel represents 60 percent of the Clinic's budget. She said early retirement would be offered to 3,000 eligible employees. Most vacant jobs are not being filled.  She attributed most of the budget reductions to looming changes accompanying the start of the Affordable Health Care Act…..ToRead More….

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