The Service Employees International Union District 1199 has asked top executives of Mercy Regional Medical Center in Lorain, Ohio, to cut their paychecks by 5 percent in light of the hospital's recent layoff announcement, according to a Chronicle-Telegram report.
Last week, Mercy Regional Medical Center executives said they will lay off 18 employees in the next month due to sequestration and Medicare payments cuts. Another 32 employees will also have reduced hours.
SEIU District 1199, which represents nurses and other staff at the hospital, wants the top brass to take a pay cut to save the forthcoming laid-off positions and to show a "serious commitment" to cutting costs, according to the report.
Mercy Regional Medical Center President and CEO Edwin Oley reportedly made $705,000 last year. Recently, hospital executives have had their wages frozen but not cut. An SEIU spokesman told the Chronicle-Telegram that "it seems disingenuous to take a pay freeze at the same time you're asking direct care providers and others to give up their jobs."
Last week, Mercy Regional Medical Center executives said they will lay off 18 employees in the next month due to sequestration and Medicare payments cuts. Another 32 employees will also have reduced hours.
SEIU District 1199, which represents nurses and other staff at the hospital, wants the top brass to take a pay cut to save the forthcoming laid-off positions and to show a "serious commitment" to cutting costs, according to the report.
Mercy Regional Medical Center President and CEO Edwin Oley reportedly made $705,000 last year. Recently, hospital executives have had their wages frozen but not cut. An SEIU spokesman told the Chronicle-Telegram that "it seems disingenuous to take a pay freeze at the same time you're asking direct care providers and others to give up their jobs."
More Articles on Hospital Executive Compensation:
UPMC CEO Jeffrey Romoff Sees Reduced Salary, Bonus
Resigned West Penn CEO Still Highest-Paid Employee Last Year at $6M
New York Hospital Salary Cap Rules Filled With Loopholes