Beaumont is postponing a major project and pursuing pay cuts as it faces a $60 million loss; Oakwood is facing its first loss since 1999, has postponed a large project of its own and is filling openings for 120 nonessential jobs, the story reports.
Compounded with the auto industry’s struggles, significant hospital layoffs and cutbacks could create considerable economic challenges for the state.
However, not all Michigan hospitals are showing signs of struggling. The CEO of Detroit Medical Center said the organization expects to make $30 million this year and Henry Ford Health System’s $300-million West Bloomfield Hospital is still schedule to open in spring 2009, according to the Detroit Free Press.
Read the Detroit Free Press’s report on Michigan health systems.
