The layoffs stem from the hospital’s financial difficulties. Chief Administrative Officer Siri Nelson said net revenue has decreased in the past four years, falling from $5.5 million per month in 2007 to $4.8 million a month for the first two months of 2012. At the same time, operating costs have continued to rise.
“We have come to the tough, but unavoidable conclusion that the only way to achieve the significant cost savings necessary is through staff reductions,” Ms. Nelson said in the report.
The reduction is expected to occur across all areas of the hospital.
More Articles on Hospital Layoffs:
North Stonington Health Center in Connecticut Ends Some Services; 52 Laid Off
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Northwest Community Healthcare in Illinois Lays Off 104
