Most of the 450 nurses on strike at two Contra Costa County, Calif., hospitals did not cross picket lines despite fears they might lose their jobs if they did not return to work.
San Jose Mercury News, Dec. 5, 2002
Dec 8, '02
"A spokeswoman for the California Nurses Association charged that Tenet Healthcare Corp., the for-profit national hospital chain that runs the facilities, has only backed off from threats of permanently replacing nurses under public pressure. "
Speaking, once again, of Tenet, here's a quote from the current Business Week:
"More bad news from Tenet healthcare hasn't deterred investors. On Dec. 3, the Santa Barbara (Calif.) hospital operator dropped its earnings estimates for fiscal 2003 from $1.4 billion to less than $1.3 billion. It also expects earnings to slide to $950 million in 2004. Tenet assumes that a Medicare loophole that had allowed it to collect unusually high payments will be closed. But Tenet promised to buy back some of its battered shares, sending its stock up 5%, to $18.75, on Dec. 4."
And now, besides Medicare, those mean nurses in Contra Costa county are also picking on Tenet. Can't they understand the company will make only a paltry $1.3 BILLION in profits next year? How can they reasonably expect their demands to be met?
Last edit by sjoe on Dec 8, '02