Medtronic, Inc. Plays Down Outsourcing Reports; Plans To Cut Costs Not Likely To Affect Memphis

Commercialappeal -- Medical device maker Medtronic's efforts to trim the cost of making its products by 25 percent over five years are unlikely to have an impact on jobs in Memphis, a spokesman for the firm said Monday. News outlets reported that chief financial officer Gary Ellis had said Medtronic would reduce jobs and send positions to Mexico to reduce costs.

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