St. Vincent's Health Care Workers Agree to Temporary Pay Cut
The nearly bankrupt St. Vincent's Hospital in the Village has had a rough time lately: Their presumed saviors, Continuum Health Partners, pulled out of a deal to take the hospital over, and they've been living on loans from the state and elsewhere, and laying off hundreds of employees.
Doctors and administrators took a pay cut last week -- 25 percent for VPs and above, 20 percent for the rest. Now the low-paid health care workers of 1199 SEIU and the New York State Nurses Association have agreed to forego ten percent of wages over the next 120 days.
Local unions really don't like givebacks, so the situation may be considered desperate. St. Vincent's is the last remaining Catholic general hospital in the city.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in New York, delivered to your inbox.