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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.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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