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VOL. 128 | NO. 87 | Friday, May 03, 2013

Medtronic to Cut 60 Memphis Jobs

By Jennifer Johnson Backer

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Medtronic Spine, the Memphis-based division of Medtronic Inc., will cut about 60 local jobs as part of a strategy to reduce overall costs by 5 percent, a company spokesman confirmed.

The Spine division employs about 1,300 in Memphis.

Victor Rocha, a Medtronic spokesman, said the workers learned of the cuts Wednesday, May 1.

Medtronic Spine also will trim 230 positions globally, including the Memphis job cuts, from its worldwide workforce of 5,600. Minneapolis-based Medtronic Inc. employs about 45,000.

Eric Epperson, senior director of public relations and communications, told The Daily News in an April 26 story that Medtronic Spine faces increased pricing pressure, more complex customer device purchasing processes, expanded medical device governmental review times and requirements, and the medical device excise tax.

While the plan to trim costs by 5 percent was communicated to employees on April 4, the specific details weren’t available until Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 27 107 3,130
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

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