Tuesday, May 19, 2009

Layoffs: Medtronic to cut up to 1,800 jobs

AP - 5/19/09

Medical device maker Medtronic said Tuesday it would cut up to 1,800 employees after its fiscal fourth-quarter plunged 69 percent on slipping sales and restructuring and other charges.

About 400 employees already have accepted buyout offers and will leave the company by the end of the month.