New Jersey Hospital Asks Union Employees to Donate 20% of Paychecks Following Losses

Full-time non-union and management workers at Jersey City (N.J.) Medical Center will have to take one furlough day a week until the end of January in an effort to cut costs, according to a Jersey Journal report.

The plan, which started Nov. 22 and ends Jan. 31, hopes to target operating losses in September and October. The nonprofit company also asked and encouraged union employees — who are not affected by the furlough decision — to donate 20 percent of their paychecks to the company's foundation.

Read the Jersey Journal report on hospital cost-cutting measures.

Read more on hospital cost-cutting:

-Maimonides Medical Center Residents Approve Bonus Payouts for Cost-Cutting and Quality Care

-10 Successful Hospital Turnarounds

-Don Berwick Renounces Rationing, Too Much Bureaucracy

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars