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SVMH EMPLOYEE BUYOUT OPTION 07-13-10 18:40 a.v

Employees at Salinas Valley Memorial Hospital have been offered buyouts in an effort to help cut spending costs. President and C-E-O of Salinas Valley Memorial Hospital says the buyouts are necessary after the economic crisis has left the hospital with 5-million dollars less to reinvest in operations compared with last year’s numbers. Most of the 138 employees offered buyouts are in non-union administration positions, so far, 30 employees have signed up. The deadline to accept the buyout option is this Friday. Hospital staff say positions may be cut even if employees don’t take the option, necessary cuts could be made as early as the next 6 months.

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