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St. Jude Medical (STJ) to Cut 500 More Jobs Under Realignment


11/2/2012 6:57:42 AM

St Jude Medical Inc, a maker of heart devices, said it will cut 500 more jobs under its reorganization plan announced in August, when it realigned its business into two operating units and eliminated 300 jobs.

It expects to incur additional pre-tax charges of about $40 million to $60 million related to the additional cuts, the company said in a regulatory filing on Thursday.

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