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Michigan Health Care System Furloughs Nearly 2,500 Employees
[NEWSWEEK] early 2,500 employees at one of Michigan's largest health care systems learned on Tuesday they would be furloughed, due to particularly dire financial circumstances related to the novel coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...outbreak. Beaumont Health, which has 38,000 employees serving eight hospitals in southeast Michigan, announced that most of the 2,475 members who were temporarily laid off filled administrative roles unrelated to the care of patients afflicted with COVID-19, the illness caused by the coronavirus strain, according to a Stamford Advocate report. The company also permanently eliminated 450 positions and initiated salary cuts to top executives. Beaumont Health CEO John Fox, who is taking a 70 percent pay cut, said the health care provider experienced first-quarter losses of $407.5 million in net income revenue as of March 31, and a decrease of $78.2 million in operating revenue during the same period. Posted by: Fred 2020-04-23 |
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