Providence buys out 400 employees

Providence buys out 400 employees

Providence Health & Services is buying out hundreds of employees in Oregon as part of a statewide cost-cutting campaign.

So far, 400 employees from a variety of job types and locations across the state have been accepted for the buyout, and 800 have volunteered. The system, which employs 17,600 employees in Oregon, continues to consider applications.

Providence is trying to cut $250 million in Oregon in three years. Already, employee benefits such as a shuttle service and child care have been cut back. The system is also considering closing a popular warm-water aquatic therapy pool at Portland Providence Medical Center used by elderly and disabled people.

 

Read more in today's Oregonian.