The hospital needed a miracle as it faced a $20 million deficit. It looked like 600 layoffs were inevitable. And most of those would be the lowest-paid employees, people who needed their jobs the most. But when asked, all 6,300 employees were willing to pitch in to save the jobs of their co-workers.
The 13 department heads took pay cuts that totaled $350,000. And doctors took out their checkbooks: The checks came in, some for $500, some $10,000 or $15,000. 401-K matching funds were turned down.
Now most of the cooks, janitors and cashiers have been rescued, thanks to the compassionate hospital CEO who wanted to do the right thing and the workers who agreed.
GNN reported months ago on this story, but this week, CBS news produced a follow-up with the latest news on Beth Israel Deaconess Medical Center in Boston.
Read the story at CBS News, or watch the video below…
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(Photo, above, courtesy of Sun Star)