300 Massachusetts hospital employees accept early retirement buyouts

Newton (Mass.)-Wellesley Hospital offered early retirement buyouts to about 550 employees in May, and about 300 accepted the offer, according to The MetroWest Daily News.

All of the employees who received early retirement offers were scheduled to work at least 20 hours per week and had at least 20 months consecutive service at the hospital by April 18 and were at least 60 years old by Aug. 15, according to the report.

"The VRO was a way to honor those employees who were considering retirement while continuing to strategically manage our expenses," a hospital spokesperson wrote in an email to The MetroWest Daily News. "Extensive planning has included the hiring of nurses and other staff and comprehensive training programs to ensure we continue to provide the exceptional care for which Newton-Wellesley is known."

Of the employees who accepted the offer, 140 retired at the end of September. The remainder will retire by July 2020, according to the report.

Newton-Wellesley Hospital is part of Boston-based Partners HealthCare.

Access the full article from The MetroWest Daily News here.

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