WASHINGTON — Sibley Memorial Hospital is planning to offer voluntary buyouts to cut staff over the next several months.
Hospital President Richard “Chip” Davis says in a letter obtained by The Washington Post that officials are projecting a “significant budget gap for fiscal year 2018.” He blames the budget woes in part on a decline in patients and rising costs for labor, supplies and technology.
The newspaper reports that employees interested in buyouts will be asked to turn in applications by Aug. 11. Managers will decide who gets the buyouts by Aug. 28. It’s unclear how many jobs the hospital is looking to cut.
Hospital Spokesman Gary Stephenson says that Sibley’s “overall financial situation remains strong.”
People who take the buyout would work until Nov. 10.
Information from: The Washington Post, http://www.washingtonpost.com