Medtronic Sets Job Cuts
Wednesday, May 7th, 2008
In a plan to have a global restructuring, medical device maker Medtronics is cutting jobs this year. CNNMoney.com reports that Medtronic plans to reduce its workforce by 1,100 jobs. Medtronic Spokeswoman Marybeth Thorsgaard said that the jobs to be cut will come from the company’s businesses that have stopped experiencing growth.
The Minneapolis-based company employs around 39,000 workers worldwide, 60 percent of them are in the United States while 40 percent are overseas. While the planned job cut is not at all shocking given the state of the U.S. economy, this job cut will surely affect the families of the concerned workers who are still unnamed.
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