UPMC Offering Buyouts To 3,500 Employees In Cost-Cutting Move

DSC01840UPMC is offering buyouts to 3,500 of its older workers in a move to cut costs as the Pittsburgh hospital giant adjusts to slowing demand for hospital-based care.

The nonprofit organization said Tuesday that it was offering the voluntary severance to employees who are 60 or older and have at least 10 years of service. The offer, which was made to 5.6 percent of UPMC’s total workforce, includes medical and dental benefits, severance pay and a one-time cash payment of $15,000, UPMC said in a statement.

“This program both honors and respects long-term staff members who are ready to move to the next phase in life and, simultaneously, helps achieve cost-savings for UPMC by adjusting our workforce to meet the demands of the health care marketplace,” the statement said.

UPMC is the state’s largest private employer, with about 62,000 workers.

Read more: http://triblive.com/business/headlines/8442119-74/upmc-health-largest#ixzz3bM0tSWNm
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New Beginning: Allentown’s Warrington Avenue Poised For A Makeover

The crowd inside — and eventually outside — 816 E. Warrington Ave. one recent evening gathered to showcase a newly renovated Allentown property. The former Ken’s Variety had been vacant for more than 20 years.

As the evening deepened, “Open in Allentown,” a “pop-up” event with a garage-style glass door rolled up, became a stew of neighborhood leaders, investors, consultants, residents of Allentown and nearby neighborhoods mingling over cocktails and catered nibbles.

The event and mix of people signified what Hilltop Alliance executive director Aaron Sukenik called “Warrington Avenue in its reinvention phase.”

One mile from Downtown (Pittsburgh) and cradled by the hot markets of Mount Washington and the South Side Slopes, Allentown is riddled with residential blight, and 35 percent of its commercial properties are vacant. But the newly repaved Warrington Avenue is on the cusp of a transition from being seedy to being seen.

Read more:

http://www.post-gazette.com/local/city/2015/04/06/New-beginning-in-Allentown-Warrington-Avenue-poised-for-a-makeover/stories/201504060015