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Park Nicollet press release of April 20

PARK NICOLLET ANNOUNCES WORKFORCE REDUCTION
233 employees affected; 69 positions won’t be filled
 
(ST. LOUIS PARK – April 20, 2009): Park Nicollet Health Services announced a workforce reduction today that affects 233 employees (118 FTEs). Affected employees will receive severance packages, employee assistance services and job search assistance. The last day of work for the majority of affected employees will be April 24. Additionally, 69 open positions (45 FTEs) will not be filled.
 
Park Nicollet has 6,699 FTEs. The reduction represents 1.8% of our workforce.

Other measures taken today include:
 
• Elimination and consolidation of several leadership positions.

• A mandatory two week furlough for exempt, non revenue producing employees to be taken before December 31, 2009.

• Elimination of 401K / 403B match for 2009
 
In December 2008, Park Nicollet had a workforce reduction that affected an additional 233 people. And in March 2009, Park Park Nicollet Methodist Hospital had a workforce reduction of 26 LPNs (Licensed Practical Nurses).
 
The total of reduced positions since December 2008 is: 492 employees (308 FTEs) and 229 positions left unfilled.
 
“Park Nicollet, like many organizations, has been negatively impacted by the national economic downturn which affected investment holdings, along with lower demand for our services,” said David Wessner, president and CEO. “We also are seeing the amount of uncompensated care we provide increase due to higher unemployment and a greater prevalence of high deductible health insurance. And, we still don’t know the full extent of state and federal budget cuts to health care. We are taking steps now to address our current realities and be better positioned for the future.”

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