Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Jan. 05--St. Rose Dominican Hospitals has eliminated 100 positions at its three Las Vegas Valley campuses, officials said today.
The cutbacks came mostly in supervisory or support positions and not in jobs related to direct patient care. Officials cited costs of the recession, along with government cuts in health care benefits as the reasons for the layoffs. Reduced reimbursement from Medicare, Medicaid and private insurers, in addition to the influx of previously uninsured patients entreating the health care system, were among the reasons cited by the hospital system.
"Our employees are our most important resource, so this was a very difficult decision to make," said Rod Davis, president and CEO of St. Rose Dominican Hospitals and senior vice president of operations for parent company Dignity Health Nevada. "However, these changes, along with other cost-saving and efficiency measures being implemented across our hospitals, will help us remain strong for the people we serve."
Half of the job losses already have occurred through attrition, with the remaining 50 layoffs coming in the next two weeks. Union-represented employees were notified by supervisors Thursday. Another group of non-union employees will receive notices. Of the jobs eliminated, 21 were at the supervisory or management level, officials said.
"Financial strength is essential for St. Rose to be able to help those who need us, to maintain our commitment to outstanding quality, safety and patient service, and to invest in the technology, modernized facilities, and new services patients need," Davis said in a statement.
St. Rose Dominican employs more than 3,500 people at its three hospitals in Las Vegas and Henderson. It is the valley's only nonprofit, religious-based hospital, founded by the Adrian Dominican Sisters in the 1940s.
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