Vanderbilt University Will Lay Off 1,000 Workers in Obamacare-related Cuts

Sep 26, 2013 by

press-releaseNashville, Tenn.-based Vanderbilt University Medical Center plans to lay off a total of 1,033 employees by the end of the year, with several hundred layoffs to occur this week, according to a report by The Tennessean.

The major workforce reduction is part of VUMC’s attempt to cut $250 million from its operating budget over its next two fiscal years, due to changes in Medicare and Medicaid reimbursement and other revenue changes.

The upcoming workforce reduction estimates do not include the 300 VUMC employees laid off earlier this summer, according to the report.

All employees affected by the cuts will be given 60 days’ notice and the following, according to The Tennessean:

• Separation pay based on years of service

• Priority considerations for open positions

• Career counseling services

• A supplement to help cover healthcare costs

• 120 days of access to child care services

via Vanderbilt University Medical Center to Cut More Than 1,000 Jobs.

Print Friendly, PDF & Email

Related Posts

Tags

Share This

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.