Coronavirus: Mayo Clinic Announces Furloughs, Pay Cuts

Some Mayo Clinic staff will have to take temporary furloughs or salary cuts after April 28 as the hospital system deals with a loss of revenue due to the postponement of elective surgeries to free up hospital beds for coronavirus patients.

In a statement on Friday, Mayo Clinic said that while it was able to protect full pay and benefits for staff through April 28, temporary furloughs of some staff and salary reductions will be required after that date.

Don't miss the latest coronavirus updates from health and government officials in Minnesota. Sign up for Patch news alerts and newsletters for what you need to know daily.

The chief executive officer and the chief administrative officer of Mayo Clinic are both taking a 20 percent salary cut and will not get a salary adjustment for 2020. Those who report directly to the two executives are taking a 15 percent pay cut.

Consultants and senior administrators are taking a 10 percent pay cut while salaried allied health staff will take a 7 percent pay cut. The rate for hourly workers will not change.

Most nurses at Mayo Clinic are paid hourly.

Below is the health system's full statement:

Mayo Clinic staff are doing extraordinary work, leading in the response to the COVID-19 pandemic. We are proud of, and committed to, our staff and our communities as they come together to fight this global health crisis. Mayo Clinic is facing unprecedented challenges as a result of these circumstances, including a financial impact that requires significant adjustments to our operations. The decision to proactively postpone elective patient care was the right one, but it eliminated most of our revenue at the same time we are making critical investments to develop and expand testing, conduct research to help stop the pandemic, and realign our facilities and care teams to treat COVID-19 patients.

Mayo Clinic is taking necessary steps to reduce expenses, but additional measures are needed to ensure that we can emerge from this situation in a stable position. While we were able to protect full pay and benefits for our staff through April 28, temporary furloughs of some staff and salary reductions will be required after that time. We will work with our teams over the coming weeks to ensure that our staff are supported, that the duration of this disruption is as limited as possible, and that we are ready to ramp up quickly and resume full operations when it is safe to do so.

SEE ALSO:

• Minnesota Coronavirus: 1,336 Confirmed Cases; 7 More Deaths
• How Should Minnesota Vote In A Pandemic? Simon Says, By Mail
• Minneapolis Has Closed More Miles Of Road To Cars Than Any City In America
• State Model Shows Mid-July Coronavirus Peak In Minnesota