Brigham and Women’s may extend buyout offer beyond initial 1,600 employees


http://www.beckershospitalreview.com/hospital-management-administration/brigham-and-women-s-may-extend-buyout-offer-beyond-initial-1-600-employees.html

Image result for employee layoffs

Boston-based Brigham and Women’s Hospital may ask more employees to voluntarily leave their jobs just three months after offering buyouts to 1,600 employees, according to The Boston Globe.

“We are considering a respectful way to minimize any potential involuntary reduction in force by inviting some employees who may wish to leave the Brigham to voluntarily separate from the organization,” the hospital said in a statement to The Boston Globe. “When we announced the voluntary retirement opportunity in April, we indicated that additional reductions in force would likely be necessary.”

When Brigham and Women’s announced the buyout offer in April, the organization said it is profitable but facing pressure amid shrinking payments from government and commercial insurers and growing labor costs. Buyouts were only offered to employees age 60 or older. The offer includes one year of base pay and health insurance for up to 20 months.

About 45 percent of those eligible have applied for the buyout, according to The Boston Globe.

A hospital spokesperson told The Boston Globe the hospital hasn’t decided how many and which employees to extend the buyout offer to.

Brigham and Women’s is owned by Boston-based Partners HealthCare and has approximately 18,000 employees.

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