Medtronic to cut 1,100 jobs in ’08
From Times Wire Services
Medtronic Inc. said it would eliminate about 1,100 jobs this year, or almost 3% of its workforce, in businesses where growth has slowed, including its flagship heart rhythm device unit.
The company said it also would consolidate certain manufacturing and research-and-development operations as part of a realignment of its global workforce.
As part of the restructuring effort, Minneapolis-based Medtronic will move its endovascular manufacturing operations to Galway, Ireland, from Santa Rosa, Calif.
