University of Miami Med School to Lay Off 800 Employees

Categories: Recessionomics
The Miami economy got a shock today when the county's largest private employer, the University of Miami, filed a notice that it plans to lay off 800 employees from its medical school. The move comes two weeks after university president Donna Shalala said the medical school was planning on cutting back. 

According to the Miami Herald, the university filed a notice with the state that it's planning the mass layoff July 31. Companies that lay off more than 500 employees must notify the state 60 days in advance. 

In explaining the cutbacks, Shalala noted economic factors such as the recession, a downturn in research funding, and the amount of payments UM received from Jackson Health System.

Jackson is also in the midst of its own economic problems. University of Miami received lump payments from Jackson in exchange for the services of its doctors. Those payments have been dwindling as Jackson has cut back its own services, and the two institutions are working on a new payment system. 

According to the Beacon Council, the University of Miami is the county's sixth-largest employer and the top private employer

The school employs roughly 16,000 people. So today's layoff announcement will affect about 5 percent of the total staff. 


My Voice Nation Help
5 comments
casey888
casey888

Forget their "policy" to give hiring preference to the people who were laid off.  They hired the provosts son for an IT job in the business school and didn't even post the position so they could give it to him.

Rjwilders
Rjwilders

I'm guessing no football coaches will be laid off.  How much money does that program make?

$200,000 nurses?
$200,000 nurses?

Miami has too many nurses making $100,000 to $200,000 per year. No wonder Jackson is going bankrupt.

No mas bailouts
No mas bailouts

Now everyone knows the taxpayers were giving money to the privately owned University of Miami. No more bailouts.

U was way overpaid
U was way overpaid

Everyone knew the taxpayers ie Jackson Hospital were paying far too much to the University of Miami. For years the lobbyists and board members exerted influence on Jackson to overpay for U of M services. Now that Jackson is facing bankruptcy...

Now Trending

Miami Concert Tickets

From the Vault

 

General

Loading...