Tenet Healthcare furloughs 3,400 hospital workers, citing lost revenue from halt on elective

[TexasTowelie]

Tenet Healthcare furloughs 3,400 hospital workers, citing lost revenue from halt on elective surgeries


Dallas-based Tenet Healthcare is furloughing about 3,400 of its hospital workers nationally, citing lost revenue from elective surgeries being halted by the COVID-19 pandemic.

Tenet, one of the nation’s largest investor-owned hospital operators, announced the actions in a letter to employees Wednesday. CEO Ronald Rittenmeyer described the furloughs as temporary and resulting from the virus’s “acute” impact on the company’s business.

“These are difficult but necessary decisions in navigating near-term uncertainty that will eventually come to an end,” he wrote in the letter. “We remain ready to resume vital elective care in our communities once government restrictions are lifted.”

The 12-week furloughs affect 3% of Tenet’s 113,000 employees. It follows an earlier furlough of 500 corporate employees, as well as reductions in surgical center staffing at facilities closed or operating on a limited basis. The company said pandemic-related staffing cutbacks now affect about 10% of its workforce.

Read more: https://www.dallasnews.com/business/health-care/2020/04/16/tenet-healthcare-furloughs-3400-hospital-workers-citing-lost-revenue-from-halt-on-elective-surgeries/

[CurtEastPoint]

1. And there you have for-profit healthcare....

[TexasTowelie]

2. The non-profit healthcare sector isn't having it any easier

and they are laying off employees too.

[hurl]

3. Rittenmeyer is a typical 'cut your way to profits' CEO

Did the same thing to EDS. Tenet's employee morale was in the dumps long before this situation, with many decades-long employees unceremoniously dumped in the last couple of years and a push to offshore as much IT as possible.