MINNEAPOLIS (WCCO) — HealthPartners announced Thursday the organization’s plan to reduce overall compensation for salaried leaders in 2020 to manage financial challenges due to COVID-19.
President and CEO of HealthPartners Andrea Walsh will take a pay cut by 40% and compensation for leaders across the organization will be reduced by up to 30%.READ MORE: 2 Killed, 3 Injured In Crash Involving Stolen Vehicle, Police Say
“The ongoing COVID-19 pandemic is creating unprecedented challenges, ones we couldn’t have imagined just a few months ago,” Walsh said in a statement. “We’re addressing the challenges and staying focused on our top priority – the health and safety of our patients, members and colleagues.”READ MORE: Kim Potter Trial, Dec. 9 Live Updates: Witnesses For The Prosecution Resumes
HealthPartners also expects to furlough roughly 10% of its workforce in areas where the organization has stopped, slowed, or deferred work temporarily — furloughed employees will continue to gain health benefits. The move will reportedly affect about 2,600 employees.
The organization is also putting a hold on hiring, and will be eliminating open positions — except for urgent or critical needs.MORE NEWS: University Of Wisconsin Regents Set To Extend SAT, ACT Exemptions