Medtronic Cutting Approximately 50 Warsaw Jobs (Stacey Page Online)
A representative for Medtronic today has confirmed that the orthopedics company will be reducing its Warsaw workforce leaving approximately 50 full-time workers without jobs.
Eric Epperson, senior director of communications for the company, told StaceyPageOnline.com today that Medtronic made its employees aware of restructuring plans on April 4 saying changes would occur as the company begins its new fiscal year. “The details are not yet available, but yes, approximately 50 employees will be affected,” said Epperson.
In a statement released by Medtronic Spine it is noted, “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.”
Epperson confirmed that an estimated 50 full-time workers from Warsaw will be given pink slips, along with some type of severance package and job relocation assistance. He said the jobs affected will be a combination of production and administration and will be eliminated by the first week of May.