St. Vincent's Hospital Manhattan began laying off over 300 workers starting Feb. 12 and has asked other employees to take temporary 120-day pay cuts of 10-25 percent to prevent the hospital from closing, according to a report in the New York Times.
Among the employees laid off are medical residents, managers at all levels and members of the 1199 S.E.I.U. hospital union, according to the report.
Remaining executives and physician leaders were asked to take pay cuts of 25 percent, and others were asked to take a 20 percent cut. Union workers, which include nurses, were asked to take cuts of 10-15 percent and were voting on whether to take them, according to the report.
Additionally, six programs — sleep medicine, endocrinology, pathology, ophthalmology, renal medicine and neurology — will close by the end of February, according to the report.
The cuts are part of St. Vincent's efforts to keep its doors open. The hospital has $700 million in debt and is losing between $5 million and $10 million a month, according to the report. St. Vincent's is the last Catholic general hospital in New York City.
Read the N.Y. Times' report about the St. Vincent's lay offs.