An officially undetermined number of Zimmer Holdings Inc. employees were laid off today.
In a press release this morning, Zimmer Director of Public Relations Garry Clark stated, "Zimmer is pursuing a number of restructuring and transformation initiatives that are designed to streamline the company's operations.
"These initiatives will enable the company to accelerate investment in R&D and commercial programs to drive sustained growth.
"As part of these ongoing efforts, the company today eliminated certain positions across its businesses and geographic segments. All affected employees will be supported with a range of severance and outplacement benefits. As Zimmer continues its transformative programs, the company expects recent personnel reductions to be more than offset by future hiring."
