Maine Med sets deadline for 400 buyouts
Maine Medical Center has set a mid-August deadline for around 400 employees to indicate if they plan to take a buyout from the 6,000-employee operation.
The Portland Press Herald reported the buyout proposal will allow employees age 62 or older to retire by Oct. 1 and receive up to 12 weeks of pay, one week for each year of employment.
The hospital hopes the buyout plan will help it avoid using layoffs to resolve a $13.4 million operating loss it reported halfway through its 2012-2013 fiscal year, ending Sept. 30.
As the hospital negotiates those decisions, it was on Tuesday ranked as the state’s best hospital in annual rankings by U.S. News and World Report, for the second year. The Press Herald reported, however, that some observers have criticized those rankings as being based upon reputation rather than specific performance data.
Most Recent
Most Recent
Comments