Vanderbilt University Medical Center launched today another round of layoffs that will take the hospital system closer to completing its plan to cut more than 1,000 jobs by the end of the year.
The newest cuts, which are being made both at VUMC's main campus and its 100 Oaks complex, come on the heels of about 250 employees taking an early retirement offer and the laying off of another 300 workers earlier this year. The medical center is attempting to close the gap on a revenue shortfall that officials say is a combination of federal cuts to reimbursement and research as well as Tennessee opting not to take part in Medicaid expansion.
Spokesman John Howser said that several hundred jobs are being eliminated in the coming weeks, but added that he could not be more specific. VUMC officials this morning filed papers with both Metro and the state to officially say that roughly 1,033 people will lose their jobs by Dec. 31. The medical center had a full-time employee base of 16,300 at the end of its fiscal 2012.
Howser said Vice Chancellor Jeff Balser and his team expect the cuts being made now and in the near future will be the last VUMC has to make in the foreseeable future.
Staffers told today they are losing their jobs will remain employed for two months. After that period, their exit package will include severance payments based on service, a $2,500 health care supplement and career counseling.
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