St. Vincent's plans layoffs, other cuts

St. Vincent's plans layoffs, other cuts

Posted in the Trumbull Forum

bpthoodnews

Edison, NJ

#1 May 22, 2013
BRIDGEPORT -- Officials at St. Vincent's Medical Center plan an unspecified number of layoffs and other cuts to help offset the expected loss of revenue from state funds, federal sequestration and other sources.

Hospital officials said Wednesday the "cost restructuring" will include the loss of some jobs.

"We're not sure of the number right now, but the layoffs will be across all levels," said Dr. Stuart Marcus, hospital president.

It's also unknown what other cuts the hospital will make, but senior vice president Dianne Auger said, "All operating expenses in our organization are under review."

Marcus said the hospital is trying to anticipate as many measures as possible that could sap its funds.

For instance, in the state budget proposed by Gov. Dannel P. Malloy, hospitals stand to lose $550 million in state aid over two years.

Marcus said this will shake out to a loss of about $30 million for St. Vincent's. The hospital also will lose about $5 million in fiscal year 2014 because of the federal sequestration.

Right now, the hospital is operating in the black, Marcus said, but that will likely change in the near future.

"We are not in crisis but we want to be proactive," he said.

http://www.ctpost.com/local/article/St-Vincen...

More Layoffs in Bridgeport.

Since: Aug 10

Location hidden

#2 May 22, 2013
Not good news.
Pops

Stratford, CT

#3 May 22, 2013
America Gentleman Samuel wrote:
Not good news.
Thank you Captain Obvious.

Since: Aug 10

Location hidden

#4 May 22, 2013
You are welcome.
BPT

Sherman, CT

#5 May 23, 2013
hope about cutting some of those bonuses.
America Gentleman Samuel

East Hampton, CT

#6 May 23, 2013
Great. Lay off staff. It will take longer to get my rectal exam.
Clem

Trumbull, CT

#7 May 23, 2013
Obama care leads to lower money from feds and state..Just CHANGE..HOPE you like it...It will get worse this fall and next year...Premiums expected to go up by 400%..Gotta pay for the illegals somehow...Good news is that Vermont now says they will help you kill yourself..Soon Connecticut...OBAMSAS DEATH PANELS>
Dr Phil

Bridgeport, CT

#8 May 23, 2013

Since: Aug 10

Location hidden

#9 May 23, 2013
#6... That is because the Faker who is a Real A=Hole got his head up his A--.

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