Medtronic Spine to Restructure Workforce, Cut Costs by 5%

Memphis, Tenn.-based Medtronic Spine has announced intentions to restructure its workforce, including possible employee layoffs and other cost-cutting measures, according to a company statement.

The number and location of layoffs have not yet been determined. However, Medtronic's goal is to reduce overall costs by 5 percent while minimizing the impact to people, said Senior Director of Communications Eric Epperson.

Restructuring details will be determined and announced to employees by early May.

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