UPMC To Cap Costs, May Consider Layoffs
Posted: 5:13 pm EDT September 24,2008Updated: 2:09 pm EDT September 25,2008
PITTSBURGH -- The University of Pittsburgh Medical Center is the regions largest employer and the slowing economy is forcing it to look for ways to cost costs.The hospital said it is putting a cap on salary-related costs because of the deteriorating economy nationwide, and this may include layoffs.The representative said 2007 salary-related costs rose about 10 percent as UPMC hired more than 6,000 people.In 2008, the hospital wants to limit salary-related costs to no more than a 5 percent increase. It expects to hire a slightly smaller number of people than last year.The UPMC representative said department heads will decide how to meet their cost objectives and whether layoffs will be necessary.
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