Rochester (WQOW) - A major player in the medical industry in western Wisconsin and beyond is announcing plans to furlough some employees and then cut pay.
In a statement released on Friday afternoon, Mayo Clinic Health System officials say they are "taking necessary steps to reduce expenses, but additional measures are needed to ensure [they] can emerge from this situation in a stable position."
"While we were able to protect full pay and benefits for our employees through April 28, temporary furloughs of some staff and salary reductions will be required after that time. We will work with our teams in the coming weeks to ensure that our staff are supported, that the duration of this disruption is as limited as possible, and that we are ready to ramp up quickly and resume full operations when it is safe to do so," said Mayo Clinic in a press release.
Mayo Clinic officials say while postponing elective patient care was the right move it eliminated the majority of their revenue.
Minnesota Public Radio reports Mayo Clinic is facing a projected $3 billion loss this year.