I'll take half the Mayo
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Mayo Clinic is furloughing or reducing the hours of about 42 percent of its 70,000 employees across all of its campuses in an attempt to mitigate the financial losses from the COVID-19 pandemic.
Department managers at the clinic have been reaching out to employees all week about these changes.
"Approximately 30,000 staff from across all Mayo locations will receive reduced hours or some type of furlough, though the duration will vary depending on the work unit," according to a statement on Wednesday from spokeswoman Ginger Plumbo.
As these will be furloughs, not layoffs, Mayo Clinic will continue to pay for the health care benefits for all of its employees while they are off work.
"Furloughs will begin in early May and will be spread through the rest of the year, with as many as possible happening through August," added Plumbo.
Doctors will not be furloughed, but will have a 10 percent wage reduction. Doctors who are senior managers will see reductions of 15 percent. Top executives are taking 20 percent reductions.
Some of Mayo Clinic's medical departments are mostly quiet, so some doctors may be "redeployed where needed most," according to Mayo.
Hospitals on the Rochester campus are operating at 35 to 40 percent capacity, and surgical volume is at 25 to 30 percent of the level that was expected. About 60 percent of Mayo Clinic's business comes from elective procedures of the kind that are now on hold.
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I have a friend who works in the clinical labs at Children's Memorial Hospital. He says they're losing about $10 million a week. As a result, they're furloughing staff one week a month except for key staff who are taking a 15% pay cut.
@kluurs said in I'll take half the Mayo:
I have a friend who works in the clinical labs at Children's Memorial Hospital. He says they're losing about $10 million a week. As a result, they're furloughing staff one week a month except for key staff who are taking a 15% pay cut.
I may have mentioned that one of my former partners who is now at Edward Hospital says that their work is now 20% of what it was.
