BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Device Tax Spurs Hill-Rom, Inc. to Lay Off 200


3/29/2012 8:42:42 AM

Business Courier by James Ritchie, Staff Reporter

Hill-Rom Holdings Inc. (NYSE: HRC) will eliminate 200 positions across its operations, including 24 jobs in Batesville.

“Hill-Rom is in a strong financial position,” said John Greisch, CEO of Hill-Rom. “However, this restructuring is important to allow us to adapt to the ongoing economic conditions while still allowing us to continue to invest in key growth areas such as research and development.”

The company notified affected employees on Wednesday, Hill-Rom spokeswoman MaryLou McNally told the Business Courier.

Hill-Rom makes hospital beds and other medical equipment. The company has than 6,000 employees worldwide, including about 2,000 at its Batesville headquarters, according to its website.

The layoff involves positions “from various functions and locations,” McNally said.

In January, Hill-Rom reported first-quarter revenue of $381 million, up 2 percent from the same period a year ago. Net income decreased to $33 million from $35 million.

The company announced earlier this month that it would increase its quarterly dividend by 11 percent to 12.5 cents a share, to be paid on March 30.

Hill-Rom’s stock closed down nearly 2 percent on Thursday at $35.36. Over 52 weeks it’s ranged from $26.90 to $48.80.



Read at Business Courier
Read at MassDevice

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES