Memphis, Tenn.-based Medtronic Spine has announced intentions to restructure its workforce, including possible employee layoffs and other cost-cutting measures, according to a company statement.
The number and location of layoffs have not yet been determined. However, Medtronic's goal is to reduce overall costs by 5 percent while minimizing the impact to people, said Senior Director of Public Relations and Communications Eric Epperson.
Restructuring details will be determined and announced to employees by early May.
More Articles on Devices:
Medtronic to Recruit 323 Patients for Back Pain Treatment Clinical Trial
Medical Device Purchase: 3 Statistics on Physician Influence
FDA Increases Stryker Knee Device Recall to Class 1
Restructuring details will be determined and announced to employees by early May.
More Articles on Devices:
Medtronic to Recruit 323 Patients for Back Pain Treatment Clinical Trial
Medical Device Purchase: 3 Statistics on Physician Influence
FDA Increases Stryker Knee Device Recall to Class 1