Medtronic Closing Warsaw Site In 2024
October 7, 2021 at 3:03 p.m.
Medtronic Closing Warsaw Site In 2024
By David [email protected]
According to a Medtronic spokesperson Thursday morning, “Medtronic operates within a highly competitive global healthcare environment. Throughout the company’s global locations, we consistently evaluate our operations to advance growth, improve operational efficiency and strengthen our position for the future.
“As a result, Medtronic is transitioning manufacturing from the facility in Warsaw, Ind., to other Medtronic manufacturing facilities in its operations network over the next few years. The Warsaw site will continue to manufacture Medtronic products until all transfers are completed. The site is expected to close in 2024.
“We recognize the strong work, dedication and quality of the Warsaw team and will be providing assistance to help impacted employees through these transitions, including possible redeployment opportunities in Medtronic.”
The Warsaw site is at 2500 Silveus Crossing.
Mayor Joe Thallemer said the city wasn’t given notice of the site’s closing, but the city also has not had much communication with Medtronic either. He said without that communication, it’s hard to speculate why they were closing the Warsaw location. He said he was told they had a reduction in workforce a number of years ago.
“It’s just a little disheartening,” he said.
Kosciusko Chamber of Commerce President and CEO Rob Parker said, “The Kosciusko Chamber of Commerce was saddened to hear the recent decision by Medtronic to relocate their operations and our hearts go out to the dedicated and hard-working employees and their families that have been affected by this announcement. While it’s disappointing when a company chooses to move their operations, we remain confident that our community, the Orthopedic Capital of the World, has the best environment to ensure that orthopedic companies thrive. We are thankful that our economy is extremely strong and has the ability to ensure that good workers will find great jobs.”
U.S. Rep. Jackie Walorski said, “The highly skilled workforce of Kosciusko County is an incredible asset to both our region's robust manufacturing industry and our local community. I stand ready to support these hardworking Hoosiers during this transition and help them find other opportunities here at home."
According to Medtronic’s website at medtronic.com, Medtronic is among the largest medical device companies in the world. With operations in 150 countries, Medtronic’s products treat 70 health conditions and include cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems and more. The company has over 90,000 employees.
In 1949, brothers-in-law Earl Bakken, a graduate student in electrical engineering, and Palmer Hermundslie, an enterprising engineer, started a repair business focused on medical electronics. “Hence the name, and the birth of, Medtronic,” according to the website.
By 1991, annual revenues had reached $1 billion. In 1999, Medtronic acquired spine leader Sofamor Danek Group to augment its growing spine and biologics business.
In 2001, Medtronic opened its new headquarters in Fridley, Minn. By 2013, Medtronic developed, manufactured and marketed its therapies in more than 140 countries, double the number served in 1974. On Jan. 26, 2015, Medtronic completed the acquisition of Covidien.
According to a Medtronic spokesperson Thursday morning, “Medtronic operates within a highly competitive global healthcare environment. Throughout the company’s global locations, we consistently evaluate our operations to advance growth, improve operational efficiency and strengthen our position for the future.
“As a result, Medtronic is transitioning manufacturing from the facility in Warsaw, Ind., to other Medtronic manufacturing facilities in its operations network over the next few years. The Warsaw site will continue to manufacture Medtronic products until all transfers are completed. The site is expected to close in 2024.
“We recognize the strong work, dedication and quality of the Warsaw team and will be providing assistance to help impacted employees through these transitions, including possible redeployment opportunities in Medtronic.”
The Warsaw site is at 2500 Silveus Crossing.
Mayor Joe Thallemer said the city wasn’t given notice of the site’s closing, but the city also has not had much communication with Medtronic either. He said without that communication, it’s hard to speculate why they were closing the Warsaw location. He said he was told they had a reduction in workforce a number of years ago.
“It’s just a little disheartening,” he said.
Kosciusko Chamber of Commerce President and CEO Rob Parker said, “The Kosciusko Chamber of Commerce was saddened to hear the recent decision by Medtronic to relocate their operations and our hearts go out to the dedicated and hard-working employees and their families that have been affected by this announcement. While it’s disappointing when a company chooses to move their operations, we remain confident that our community, the Orthopedic Capital of the World, has the best environment to ensure that orthopedic companies thrive. We are thankful that our economy is extremely strong and has the ability to ensure that good workers will find great jobs.”
U.S. Rep. Jackie Walorski said, “The highly skilled workforce of Kosciusko County is an incredible asset to both our region's robust manufacturing industry and our local community. I stand ready to support these hardworking Hoosiers during this transition and help them find other opportunities here at home."
According to Medtronic’s website at medtronic.com, Medtronic is among the largest medical device companies in the world. With operations in 150 countries, Medtronic’s products treat 70 health conditions and include cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems and more. The company has over 90,000 employees.
In 1949, brothers-in-law Earl Bakken, a graduate student in electrical engineering, and Palmer Hermundslie, an enterprising engineer, started a repair business focused on medical electronics. “Hence the name, and the birth of, Medtronic,” according to the website.
By 1991, annual revenues had reached $1 billion. In 1999, Medtronic acquired spine leader Sofamor Danek Group to augment its growing spine and biologics business.
In 2001, Medtronic opened its new headquarters in Fridley, Minn. By 2013, Medtronic developed, manufactured and marketed its therapies in more than 140 countries, double the number served in 1974. On Jan. 26, 2015, Medtronic completed the acquisition of Covidien.
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