ProMedica offers buyouts to 1,200 full-time employees

Toledo, Ohio-based ProMedica has offered 1,200 full-time employees early retirement packages in a strategic effort to reduce operational costs, reports Toledo Blade.

Advertisement

ProMedica operates 14 hospitals in Ohio and Michigan and three health insurance plans. It employs more than 17,000 personnel.

Employees were offered buyouts across ProMedica’s various facilities, including hospitals, physician’s offices, corporate offices and health plan offices, Benet Rupp, ProMedica human resources senior vice president, told Toledo Blade. Physicians employed by ProMedica were not eligible for buyouts.

To be eligible, staff must be aged 55 years and older with at least 10 years of service, but the age and years of service must add up to 80, according to the article.

Employees have 45 days to consider the offer.

More articles on human capital and workforce issues: 

Chipotle celebrates nurses with BOGO burritos
These healthcare jobs are among the least stressful in the US
Brigham nurses union to vote on one-day strike

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in HR

Advertisement

Comments are closed.