Chicago’s Swedish Covenant Awards Employees $1.5M in Retroactive Raises

Chicago’s Swedish Covenant Hospital has awarded employees a total of $1.5 million in retroactive raises now that it is making an operating profit, according to a report by the Chicago Sun-Times.

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Last year, the 46-bed hospital froze salaries to save jobs, but it promised employees they would get planned increases back if they helped the hospital save enough money to cover the cost.

They reached their goal. The hospital has reported an operating profit of nearly $4 million.

Read the Chicago Sun-Times‘ report on Swedish Covenant Hospital.

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