Mayo Clinic ends COVID-19 pay cuts as business bounces back
ROCHESTER, Minn. (AP) – Mayo Clinic is ending pay cuts that the Rochester-based health system imposed to deal with a patient downturn caused by the coronavirus.
Mayo plans to restore pay and return furloughed workers this summer.
In April, Mayo announced plans to cut pay to more than 20,000 people and seek furloughs when elective surgeries were halted in anticipation of a surge in COVID-19 patients.
The clinic was projecting a possible $3 billion loss in 2020. But Mayo says patient volumes reached 80 to 90% of normal by mid-June, which was a quicker-than-expected recovery.
Mayo Clinic’s chief executive Dr. Gianrico Farrugia said in a statement the health system is “very pleased to be able to restore pay and end furloughs early.”