St. Jude Medical job cuts to affect 450
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: St. Jude Medical | No Comments »St. Jude Medical will lay off 450 people by the end of next year as it moves manufacturing of its cardiac rhythm management products from Sweden to Puerto Rico and Malaysia.
The job cuts were prompted by a continued weakness in the CRM market domestically.
“U.S. CRM sales fell into a pot hole,” said Dan Starks, president and CEO of St. Jude Medical, in a conference call with analysts on Wednesday, adding that 28 percent of overall sales comes from the U.S. CRM division.
From: Med City News
Recent Comments