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Medtronic, Inc. (MDT) Cutting Approximately 50 Indiana Jobs



4/15/2013 8:30:30 AM

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. β€œThe 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, β€œThe 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.”

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