Medtronic takes $87M charge to cover U.S. layoff costs

Medtronic ($MDT) will take an $87 million charge to cover 250 layoffs in Minneapolis--St. Paul, MedCity News reports, citing highlights from the company's fourth-quarter financial report. The job realignment is part of an ongoing initiative that also includes about 750 job cuts globally through fiscal 2013, possibly in the company's struggling cardiac rhythm disease management and spine divisions, the story speculates. On the other hand, another 1,500 positions will be added in emerging markets where demand is contributing to rapid growth. Story

 

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