The Cleveland Clinic is cutting their 2014 budget by $330 million and these budget cuts include job losses. The clinic has roughly 42,000 workers The layoffs are expected to be across the board, some workers including doctors will be losing their jobs or forced into early retirement. The company said they have not made any “overall layoffs” in the past 11 years and the majority of the 2014 budget cuts are due to the upcoming implementation of ObamaCare.
The Clinic issued the following statement:
“To prepare for healthcare reform, Cleveland Clinic is transforming the way care is delivered to patients. Over the past several years, we have had an ongoing focus on driving efficiencies, lowering costs, reducing duplication in services and enhancing quality to make healthcare affordable to patients.
Although we have made progress, we need to further reduce costs to the organization by $330 million in 2014. We are carefully evaluating all aspects of our system to accomplish this. Some of the initiatives include offering early retirement to 3,000 eligible employees, reducing operational costs, stricter review of filling vacant positions, and lastly workforce reductions.
Through these changing times, we are focused on providing the highest quality of care to our patients in the most efficient and cost-effective manner.”
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