No employees will be laid off, and all will retain pay and similar benefits, according to the hospital network, which hopes to save $1 billion over 10 years.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Stronger grid a legacy of ice storm damage
Another major ice storm could wreak havoc, but resiliency is a work in progress.
advertisement
Posted inBusiness, Nation & World
Bosnian ski resorts suffer as Europe sees record warmth
Balmy climes sweep much of the continent as 2023 begins.
Posted inBusiness
Fed minutes: Officials cite strong hiring to justify hikes
The board expects to raise interest rates this year more than they had previously forecast.
Posted inBusiness
Amazon, Salesforce jettison jobs in latest tech worker purge
Amazon said that it will be cutting about 18,000 positions and Salesforce is laying off about 8,000 employees.
Posted inBusiness
Egyptian pound sees largest single-day fall since IMF deal
Since the start of 2022, the currency lost more than 60% of its value against the dollar.
Posted inBusiness
Coinbase to pay $100 million in settlement with New York regulators
Officials citer significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity.
Posted inBusiness, News
Supply chain woes caused U.S. auto sales to fall 8% last year
Analysts are expecting sales to grow by roughly 1 million to around 14.8 million this year as demand remains strong.
Posted inBusiness, Nation & World, News
Southwest Airlines’ meltdown loss could run $500 million to $700 million
Southwest leaders have so far declined to put a price tag on the meltdown while they work to total the damages and process claims for reimbursement.
Posted inBusiness
Video game workers form Microsoft’s first U.S. labor union
A ZeniMax senior game tester says their concerns about staff treatment and poor pay are common in the industry and ‘there’s not a lot of dignity involved.’