- Associated Press - Tuesday, May 26, 2015

PITTSBURGH (AP) - The University of Pittsburgh Medical Center is offering buyouts to its older workers in a move to cut costs.

The Pittsburgh Tribune-Review (https://bit.ly/1FBYiJz ) reports that the western Pennsylvania nonprofit is citing slowing demand for its medical services.

UPMC said Tuesday that it was offering voluntary severance to employees who are 60 or older and have at least 10 years of service. The offer includes medical and dental benefits and a one-time cash payment.

UPMC, which operates 22 hospitals in western Pennsylvania, is the state’s largest private employer with about 62,000 workers. It is facing stepped-up competition from Highmark, which recently acquired the seven-hospital Allegheny Health Network and owns the state’s biggest health insurer. UPMC also owns the second-largest health insurance company in the region.


Information from: Pittsburgh Tribune-Review, https://pghtrib.com

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