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.
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.