Business

Brigham and Women’s offers buyouts to 1,600 workers

BOSTON, MA - 6/24/2016: The Brigham and Women's Hospital Shapiro Cardiovascular Center is pictured on Friday, June 24, 2016. Hospital officials said they were reducing patient capacity and bringing in hundreds of temporary nurses in anticipation of a strike by nurses on Monday. (Timothy Tai for The Boston Globe) Timothy Tai / The Boston Globe, File

By The Boston Globe

Less than a minute to read

Brigham and Women’s Hospital, one of Boston’s largest employers, said Thursday that it is offering voluntary buyouts to 1,600 workers to rein in costs amid a challenging period in the health care industry.

The hospital is profitable, Brigham officials said, but is being squeezed as payments from insurers and the government are flattening while labor and other costs are growing. Brigham also is burdened by debt from two big projects: a $510 million new building that opened last year, and a $335 million new software system that launched in 2015.

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