Medtronic will lay off 82 employees in Memphis starting Tuesday, according to a report from the Tennessee Department of Labor and Workforce Development's Dislocated Worker Unit.
Memphis is home to the company's spinal and biologics unit, and it employs about 1,500 people. However, as the Memphis Commercial Appeal notes, it isn't apparent what jobs will be cut.
Back in February, the company said it was planning to cut up to 2,000 jobs--roughly 4 percent to 5 percent of its workforce. The announcement came as the company reported its FY 2011 Q3 financial results, during which it cut its full-year earnings forecast. At the time, the company says in order to position itself for long-term sustainable growth, it will restructure its business. In April, Medtronic said it was laying off 268 of its Twin Cities, MN-area employees as part of these cuts, the Twin Cities Business Journal reported at the time. Brian Henry, a spokesman for the company, said the layoffs were across all divisions and job functions.
- see the Commercial Appeal story