A Major Medical Staffing Company Just Slashed Benefits for Doctors and Nurses Fighting Coronavirus
According to The Hill article about same:
Quote:The memo announced that the company would be reducing hours for clinicians, cutting pay for administrative employees by 20%, and suspending 401(k) matches, bonuses and paid time off. Holtzclaw indicated that the measures were temporary but didn’t know how long they would last.
In a follow-up memo sent to salaried physicians on Tuesday night, Alteon said it would convert them to an hourly rate, implying that they would start earning less money since the company had already said it would reduce their hours. The memo asked employees to accept the change or else contact the human resources department within five days “to discuss alternatives,” without saying what those might be. The memo said Alteon was trying to avoid laying anyone off.
According to The Hill article about same:
Quote:These companies received benefits in the $2 trillion stimulus bill passed last week, including deferring payroll taxes, suspending reimbursement cuts and receiving advance Medicare payments.
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