BJC HealthCare will furlough an undisclosed number of employees for eight weeks and cut other expenses, the St. Louis Business Journal reports. The St. Louis-based health care system said the necessary cancellation of elective procedures due to the COVID-19 pandemic has taken a financial toll.
BJC is also suspending 401(k) and 401(b) employee matches for the rest of the year in an effort to save money. Annual salary increases will be delayed or reduced, and some hours will be cut for employees. All members of BJC’s executive leadership team, including directors and presidents, will take pay cuts between 5% and 25%.
An exact number of affected employees won’t be clear until next week, BJC said.
The health care system said it will begin resuming elective procedures “carefully.”