700 Cleveland Clinic employees to take early retirements

Cleveland Clinic cuts

As part of its efforts to reduce the 2014 budget by $330 million, 700 Cleveland Clinic employees are taking early retirements.

The announcement concerning reductions came last September.  Since then, cuts have come in the form of layoffs, vacant positions left unfilled and now early retirements.

The goal is to make healthcare more affordable for patients.

Cleveland Clinic officials released the following statement Wednesday:

"In our ongoing effort to restructure our health system to provide more affordable healthcare services for our patients, today, we shared with our employees that nearly 700 people accepted the enhanced voluntary early retirement program we offered. Our plan is to backfill nearly half of those where it is clinically necessary. As a result of the hard work of our leaders who identified ways to reassign responsibilities, we also closed several hundred open positions which allowed us to keep our reduction in force to a minimum. These are always difficult decisions and we regret the loss of any jobs. We will continue to evaluate our services and the way we work moving forward, just as healthcare systems across the country will need to do. At the same time, we will continue to hire for positions that are critical and we will continue to grow to ensure our future is strong, to protect jobs and to provide the best care to our patients."

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