Article: 500-700 LAYOFFS FOR BETH ISRAEL IN EFFORT TO AVERT SALE

The new chief executive of Beth Israel Deaconess Medical Center said yesterday that he will lay off 500 to 700 employees, or 10 percent to 15 percent of the staff, in part to forestall the possibility of selling the Harvard Medical School teaching hospital to a for-profit health care company.

Paul Levy, who began running the money-losing hospital yesterday, said the layoffs are the first step in an urgent turnaround plan and will begin this month. The hospital's approximately 900 nurses will be exempt from layoffs, which means that some other departments will see their ranks shrink more than 15 percent. Physicians will not be spared, but administrators and other "behind-the-scenes" ...

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