Medtronic Cutting 230 Jobs from Its Spinal Business (Twin City Business)
The cuts affect about 4 percent of employees in Medtronic’s spinal business; none of the layoffs impact the company’s Minnesota work force.
Medtronic, Inc., is cutting 230 jobs worldwide from its Memphis-based spinal division.
The company’s spinal division has roughly 5,600 employees, although it does not employ a work force in Minnesota, and none of the cuts will affect Twin Cities employees, according to Cindy Resman, a spokeswoman for Fridley-based Medtronic. About 60 of the cuts will occur in Memphis, she said.
“Like most companies, we will continue to evaluate our markets and organization structure to look at areas where efficiency can be improved throughout our business,” Resman said in an e-mailed statement. “This may require us to shift resources from low-growth to high-growth areas to optimize performance and are a normal course of business for any organization.”
The employee reductions are part of a larger effort to cut costs by about 5 percent in the company’s spinal business, said Resman, who stressed that the company also continues to add jobs. Medtronic currently has 452 jobs posted in its career...
