Nearly 100 Jobs Cut at Zimmer, Medtronic
July 28, 2016 at 4:25 p.m.
By Jordan Fouts-
Between 40 and 50 workers at Zimmer in Warsaw were notified of layoffs today, and 45 Medtronic Spine employees were notified last week.
Warsaw took the brunt of layoffs at Zimmer, which cut about 60 jobs in different divisions and locations in the U.S., not including production, according to Garry Clark, director of marketing. The Warsaw location employs 2,600 people total.
In a release to area news outlets, Zimmer cites “a number of transformational initiatives” in recent years “that position the company for sustained growth.”
“These programs have enabled Zimmer to increase the productivity of our new product development programs and better meet the needs of our customers,” the release states. “As part of these ongoing efforts, the company today implemented certain actions that resulted in employee reductions across its businesses and geographic segments. All affected employees will be supported with a range of severance and outplacement benefits. Less than 50 full-time employees were impacted by today's changes in Warsaw.”
The 45 Warsaw employees of Medtronic Spine were among 230 workers throughout the company notified of layoffs last week.
Medtronic employed about 575 people in Warsaw and 5,600 people worldwide, according to Eric Epperson, senior public relations and communications director for the Minneapolis-based medical technology company, who confirmed the layoffs this morning.
Medtronic announced April 4 that layoffs would be part of a restructuring plan of its operations worldwide, and approximately 50 Warsaw layoffs were anticipated.
Epperson relayed a brief statement from the company, which notes that the restructuring plan includes “targeted employee reductions in certain business functions and locations,” and that the approximately 230 layoffs affect employees “primarily in our manufacturing facilities, field sales organization and some support functions in Memphis.”
The statement continues, “The restructuring is intended to set a foundation for the business to return to growth and consistently achieve our financial goals. We are addressing the near-term cost and pricing challenges facing our business, while also responding to the long-term dynamics of the global healthcare environment and changing needs of our stakeholders.”[[In-content Ad]]
Between 40 and 50 workers at Zimmer in Warsaw were notified of layoffs today, and 45 Medtronic Spine employees were notified last week.
Warsaw took the brunt of layoffs at Zimmer, which cut about 60 jobs in different divisions and locations in the U.S., not including production, according to Garry Clark, director of marketing. The Warsaw location employs 2,600 people total.
In a release to area news outlets, Zimmer cites “a number of transformational initiatives” in recent years “that position the company for sustained growth.”
“These programs have enabled Zimmer to increase the productivity of our new product development programs and better meet the needs of our customers,” the release states. “As part of these ongoing efforts, the company today implemented certain actions that resulted in employee reductions across its businesses and geographic segments. All affected employees will be supported with a range of severance and outplacement benefits. Less than 50 full-time employees were impacted by today's changes in Warsaw.”
The 45 Warsaw employees of Medtronic Spine were among 230 workers throughout the company notified of layoffs last week.
Medtronic employed about 575 people in Warsaw and 5,600 people worldwide, according to Eric Epperson, senior public relations and communications director for the Minneapolis-based medical technology company, who confirmed the layoffs this morning.
Medtronic announced April 4 that layoffs would be part of a restructuring plan of its operations worldwide, and approximately 50 Warsaw layoffs were anticipated.
Epperson relayed a brief statement from the company, which notes that the restructuring plan includes “targeted employee reductions in certain business functions and locations,” and that the approximately 230 layoffs affect employees “primarily in our manufacturing facilities, field sales organization and some support functions in Memphis.”
The statement continues, “The restructuring is intended to set a foundation for the business to return to growth and consistently achieve our financial goals. We are addressing the near-term cost and pricing challenges facing our business, while also responding to the long-term dynamics of the global healthcare environment and changing needs of our stakeholders.”[[In-content Ad]]
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