The Cleveland Clinic, the region's largest employer, is in the process of cutting $330 million from its budget for next year — a move that could result in an unspecified number of employee layoffs and thousands of early retirements.
As part of the cost-cutting measure, the Clinic, which posted about $6 billion in operating revenue last year, said it will offer early retirement plans to 3,000 eligible employees. The Clinic also is placing a stricter review on filling vacant positions and reducing its operating costs.
Eileen Sheil, a Clinic spokeswoman, said the cost reductions could result in employee layoffs after Jan. 1 once the system has a better idea of how well it has reduced costs. She said the health system will send early retirement offers to eligible employees by late October.