Layoffs Archives - Massdevice
The healthcare business at Royal Philips (NYSE:PHG) said last week that it plans to shutter manufacturing operations at a Cleveland plant that makes computed tomography scanners as part of a $600 million R&D initiative. The Dutch healthcare giant said Feb. 9 that it also plans to invest in a service training program in Cleveland. Manufacturing [] Invacare(NYSE:IVC)said yesterday that it plans to lay off about 2.4% of its workforce, with all of the cuts coming in North America. The Elyria, Ohio-based company said it plans to pare 110 positions, aiming to create $8.5 million in annual pre-tax savings as part of a strategic transformation. Invacare reported 4,600 employees worldwide as of [] Medtronic (NYSE:MDT) andHalyard Health(NYSE:HYH) subsidiaryCorpak MedSystemsare planning to lay off a collective 266 workers in Illinois as they each close a plant there. Fridley, Minn.-based Medtronic told the Illinois Commerce Dept. that its shuttering a distribution facility in Joliet, meaning job cuts for the 185 workers employed there. The layoffs are slated to begin Sept. [] Medtronic (NYSE:MDT) has reportedly increased its workforce at its spine business in Memphis by only 14.3%, despite pledging 11 years ago to a 49% increase to win $20 million in local tax breaks, but far exceeded investment and wage commitments. Back in 2006, Fridley, Minn.-based Medtronic promised to boost its local employment from 1,225 workers [] Medtronic (NYSE:MDT) is reportedly planning an unspecified number of layoffs among the 1,300 workers it employs at its Medtronic Spine operation in Memphis. Medtronic operates in a highly competitive environment, and transformation is an inherent part of our business. We continually adjust as necessary to deliver operational and functional excellence, drive growt Continue reading >>
Medtronic Salary | Payscale
Survey participants who have worked at Medtronic, Inc. for between five and 10 years earn $85K per year on average. Broken down by tenure, the largest share of Medtronic, Inc. employees (35 percent) have one to four years of experience and earn about $70K annually on average. Earning $99K per year on average, Senior Research & Development (R&D) Engineers receive the most money, followed by Medical Devices Clinical Specialists (around $80K), Medical Devices Quality Engineers (approximately $77K), and Mechanical Engineers ($76K). On the lower end are Medical Device Sales Representatives at $59K on average. When it comes to location, the highest average paycheck ($88K annually) can be spotted in Minneapolis, Minn.; Los Angeles, Calif. (around $83K), Northridge, Calif. ($83K), and Irvine, Calif. (approximately $83K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Boulder, Colo. at about $76K, salaries are some of the lowest in the country. By state, the highest compensation levels appear in California, where the average salary is $86K per year. Salaries approach $118K annually for Project Management Professionals; non-accredited workers make much less. On average, salaries rise to around $100K per year for accredited Certified Six Sigma Black Belts. Those with a Master of Business Administration (MBA), Marketing at Medtronic, Inc. come out on top, and their salaries approach $117K annually. Employees who count Project Management among their skills enjoy higher pay; the median for this group is approximately $91K per year. One of the more prevalent skills at Medtronic, Inc. is Engineering Design, with around one in eight considering it a key competency. Microsoft Excel, Data Analysis, and Microsoft Office were also r Continue reading >>
Medtronic News
QUALITY CULTURES CONVERGE IN NEW JERSEY DISTRIBUTION CENTER With a focus on quality, Medtronic and UPS Healthcare form a unique team ensuring medical devices get to patients all over the world. MEDTRONIC EXPLORES THE NEXT FRONTIER IN HEALTHCARE: REGENERATIVE MEDICINE A new partnership aims to accelerate tissue and organ replacement. MEDTRONIC NAMED ONE OF THE WORLD'S LEADING INNOVATORS For the fourth straight year, Medtronic received the Clarivate Analytics Top 100 Global Innovator award. FORTUNE NAMES MEDTRONIC AMONG 'MOST ADMIRED COMPANIES' IN 2018 The publications annual list of Most Admired Companies includes Medtronic. FDA approves HeartWare HVAD System as a destination therapy for patients with severe heart failure. BAKKEN INVITATION AWARD RECIPIENTS HONORED Program celebrates 5thyear and recognizes people who are giving on after overcoming health challenges with the help of medical technology. MEDTRONIC IN PUERTO RICO: BACK TO FULL PRODUCTION All production at all facilities are operating at pre-hurricane levels. TEAMWORK: MEDTRONIC HELPS VILLALBA RESTORE POWER Thousands receive water and electricity after Medtronic assists with critical repairs. Medtronic is working with communities in Puerto Rico to help citizens in need and speed up the islands recovery. MEDTRONIC AND MERCY: SHARING DATA TO IMPROVE HEALTHCARE Real-world clinical data is key to creating more effective medical devices and improving patient health. MILITARY VETERANS BRINGS UNIQUE SKILLS TO MEDTRONIC As the nation pauses to honor men and women who served, Medtronic works to address veterans issues. DIABETES THERAPY EARNS TOP HONORS FROM CLEVELAND CLINIC In its annual list of up-and-coming technologies, the hospital gives the Medtronic MiniMed670G the number one spot. 3D PRINTING: A NEW FRONTIER I Continue reading >>
Admasters Acquisitions, Mergers And Layoffs Report
Dallas 972/866-9300| Miami 954/523-3700| Houston 713/953-1000| San Antonio 210/829-5300| Tampa 813/289-0200| Denver 720/488-1600 BIRMINGHAM- AmSouth Bancorp is beingacquired by BB&T Corp. of Winston-Salem, N.C., for an undisclosed amount.AmSouth is a regional banking-service provider. BOCARATON - ArtesynTechnologies is laying off 12 percent to 15 percent of its work force. Thecompany provides power-conversion equipment, real-time systems and logisticsmanagement for the communications industry. CHARLESTON- J. Crew, a New York-based retailer specializing inmen's and women's clothing, will be opening at 264 King St. The enterprise willmeasure 7,500 square feet. RALEIGH- Allwall.com purchased theassets of Chicago-based Art.com for an undisclosed amount. Allwall.com is anonline resource for posters, art and framed prints, and Art.com provides imageryproducts and related services. ATLANTA- CNN laid off 20 people, or 17 percent of its Internet work force. The 24-hourcable news network plans to consolidate its divisions. LOUISVILLE- Fellon-McCord &Associates Inc. will be acquired by Hagerstown, Md.-based Allegheny Ventures,the unregulated business-development arm of Allegheny Energy Inc. Fellon-McCordis a natural-gas and electricity consulting and management services firm. GRAY- A call center operated by Winnipeg, Manitoba-based Faneuil Group will shutdown in August. About 200 employees have already been laid off. VIENNA- Concept Five Technologies has laid off 94 employees, or 75 percent of its workforce. The cuts at the e-business-services provider included two chiefexecutives. CLENDENIN- Bob Peden Chevrolet Inc.filed under Chapter 7 of the bankruptcy code. The company had about 30 employeeswhen it ceased operations May 25. STAMFORD- Cervalis Inc. isopening a 71,000-square-fo Continue reading >>
Medtronic Intern Reviews
Work hard but management is very cognizant on work/life balance needs (in 157 reviews) Great people, great benefits , great mission statement (in 157 reviews) Good benefits and and good to work (in 155 reviews) Great work environment with better people (in 137 reviews) Great company culture, room for growth in the company (in 114 reviews) Work Life balance is a big issue as the company is very focused on sales numbers (in 136 reviews) Typical large company matrix organization challenges (in 75 reviews) There is no work/life balance in the Diabetes division (in 27 reviews) Very large business; decisions from upper management can feel distant from your experience (in 63 reviews) Use to be a local hometown type company but now its big and global so has the usual big company problems (in 36 reviews) Current Intern - Intern in Singapore (Singapore) Current Intern - Intern in Singapore (Singapore) I have been working at Medtronic as an intern(Less than a year) People work extremely hard and are very smart. Flag as InappropriateFlag as Inappropriate Former Intern - Intern in Northridge, CA (US) Former Intern - Intern in Northridge, CA (US) I worked at Medtronic as an intern(Less than a year) Lots of normal perks of big company, decent culture & work life balance depending on your group, internship program well organized with lots of events and opportunities to be hired back Flag as InappropriateFlag as Inappropriate Current Employee - Intern - Monthly in Tempe, AZ (US) Current Employee - Intern - Monthly in Tempe, AZ (US) - program can be more flexible for extending program. also a proper review could be useful Flag as InappropriateFlag as Inappropriate Former Employee - Intern in Tempe, AZ (US) Former Employee - Intern in Tempe, AZ (US) Freedom to excel and learn in the way Continue reading >>
Covidien - Not A Great Place To Work Anymore | Glassdoor.co.in
If you are in need of extra money there tends to be overtime quite frequently. You start off as a temporary employee, making a smaller hourly wage then an actual employee, also you do not receive an annual bonus even if you've contributed by working the entire fiscal year. (Even managers talk about employee bonuses in front of temps which I find unethical, especially for temps that have worked hard to contribute throughout the year.) As a temp you're not given a review or feedback as to how you are progressing if you care to become a Covidien employee. Also you're given very little time off during the year (maybe 3 weeks), many of my past jobs have allowed 4-5 during the year. Also even though overtime isn't always required if you don't contribute to overtime work its considered before you get converted to a Covidien employee. In my opinion there is very little work-life balance. Communication within MY area is lacking, a lot of times you are not given necessary information until you've done something wrong. Also it takes most everyone a year to be converted to a Covidien employee. If your looking to keep quality employees ( which I don't yet understand if that's your intentions, maybe cheap labor is more important) then make them feel equal to actual Covidien employees. Flag as InappropriateFlag as Inappropriate Continue reading >>
110 Women In Medtech To Know | 2017
Written by Laura Dyrda ( Twitter | Google+ ) | May 08, 2017| Print | Email Women are leaving their mark on the medtech field in health IT, medical devices and technology and revenue cycle management. Contact Laura Dyrda with questions or comments on this list at [email protected] Here are 110 women executives and leaders to know. Amy Baxter, MD. Founder and CEO of MMJ Labs (Atlanta). Dr. Baxter founded MMJ Labs, a company focused on developing pain relief products including the Buzzy Needle Pain Relief and VibraCool Massaging Ice Therapy, while she was practicing emergency pediatric medicine. She has experience as director of emergency research at Scottish Rite Hospital in Dallas, Children's Healthcare of Atlanta and as clinical associate professor at Georgia Regents University in Augusta. Yin C. Becker. Vice President of Communications, Public Affairs and Strategic Marketing of Stryker (Kalamazoo, Mich.). Ms. Becker took on her current role in January 2012, where she leads the development and management of the company's global communications, public affairs and corporate marketing strategy. She has more than 27 years in the medical technology industry and previously served as vice president of healthcare innovations and executive director of the Homer Stryker Learning Center. Jeanne M. Blondia. Vice President of Finance and Treasurer of Stryker (Kalamazoo, Mich.). Ms. Blondia joined Stryker in 2008 and was promoted to her current role in January 2014. She is responsible for the treasury department including risk, insurance, real estate and travel functions. Pamela Bonnett. Chief Sales Officer of GE Healthcare Digital (Chicago). With more than 20 years of experience in leadership and growing revenues, Ms. Bonnett assumed her current role with GE Healthcare Continue reading >>
Medtronic Eliminating Some Twin Cities Jobs In Favor Of Contractor
Medtronic eliminating some Twin Cities jobs in favor of contractor Outside contractor hired to replace Columbia Heights jobs. Medtronic is eliminating lower-skilled jobs in Columbia Heights and shifting the work to an outside contractor whose team will be based in the Philippines. Medtronic is eliminating lower-skilled jobs in Columbia Heights and shifting the work to an outside contractor whose team will be based in the Philippines. Overall, Medtronic says it has created more than 500 new jobs in the state since the company moved its legal address to Dublin last year with its acquisition of Ireland-based Covidien and pledged to keep growing here. But executives continue to look for ways to stay competitive. Gov. Mark Dayton said in a prepared statement Friday that while the job cuts were a concern, the company appears to be sticking to its plans to grow in Minnesota. This development is concerning, given the commitment given to me by Medtronic that the company will add 1,000 jobs in Minnesota following their acquisition of an overseas company in 2014, Daytons statement said. However, this afternoon the company assured me that they are on track to fulfill this commitment. Medtronic declined to identify the outside contractor, but a worker familiar with the plan told the Star Tribune that Medtronic is hiring the well-known outsourcing and IT services firm Cognizant, whose team will provide phone-answering and customer service functions for Medtronic from offices in the Philippines. The cuts, which were announced to staff internally late last week, will go into effect by April. Gov. Mark Dayton says job losses at Medtronic are a concern. The Medtronic employee briefed on the outsourcing plan said about 70 people at Medtronics Sullivan Lake plant in Columbia Heights were Continue reading >>
Medtronic Reviews | Glassdoor.co.uk
Work hard but management is very cognizant on work/life balance needs (in 157 reviews) Great people, great benefits , great mission statement (in 157 reviews) Good benefits and and good to work (in 155 reviews) Great work environment with better people (in 137 reviews) Great company culture, room for growth in the company (in 114 reviews) Work Life balance is a big issue as the company is very focused on sales numbers (in 136 reviews) Typical large company matrix organization challenges (in 75 reviews) There is no work/life balance in the Diabetes division (in 27 reviews) Very large business; decisions from upper management can feel distant from your experience (in 63 reviews) Use to be a local hometown type company but now its big and global so has the usual big company problems (in 36 reviews) Former Employee - Market Development Specialist in Dallas, TX (US) Former Employee - Market Development Specialist in Dallas, TX (US) I worked at Medtronic full-time(More than 8 years) Great benefits!!! It is nice to work with a company with a good reputation with its customers. Difficult to advance for minorities. The company is Executive Heavy and often one does not know exactly what these people do. The company has had several layoffs. They are weak at placing qualified individuals in open positions and there is no loyalty to workers. Flag as InappropriateFlag as Inappropriate Former Employee - Global Marketing Director in Minneapolis, MN (US) Former Employee - Global Marketing Director in Minneapolis, MN (US) I worked at Medtronic full-time(More than 5 years) Respectable Company, Benefits, Great People Flag as InappropriateFlag as Inappropriate Current Employee - Marketing Communications in Mumbai (India) Current Employee - Marketing Communications in Mumbai (India) I have Continue reading >>
Medtronic Reviews In Tempe, Az | Glassdoor.ca
Community Day is always a pro. Love helping out the community. Management is clueless. They have managers in positions that dont understand what their employees do, thus leading to layoffs and saving those who lie and feed managers with BS or are his or her friends. Low-end managers listen to leads that are banking on retiring in 5 years. Senior Managers are getting fed bad information from low-end managers. Look around, how many 50+ employees does Medtronic have. Some employees are great but some have a goal and it is to coast to retirement. They are hoping to squeeze 5 more years out. Some of these are leads and managers. Senior management is seeing its young work force leave. For engineering and tech jobs it will take years to get new employees up to speed. Guess they are all banking on 5 years. Medtronic is going to be lost 5 years from now. Unless the plan is to start shipping jobs over seas? With the new CEO and what he did at GM, bank on more jobs in the US being lost in 2013 and on. Flag as InappropriateFlag as Inappropriate Vibrant, engaged people striving for excellence. Exciting projects, and opportunities to innovate, excel, and achieve great results - to be recognized for it. Everyone seems extraordinarily busy - nearly overloaded with everything that needs to get done. Too much seems to be Minneapolis-centric. The company needs to be more global - which starts with recognizing that great ideas and solutions can come from any location. Reducing headcount seems to be too easy of a lever to pull. However, it has enormous and often counterproductive effects - overloaded people, a tendency towards demoralization and demotivation. Instead, focus on growth and pursuing excellence. Choose the best and brightest, give them the support, and remove the distraction o Continue reading >>
List Of Bankrupt, Sold, Merged, Or Otherwise Defunct Biotech, Pharma & Medical Device Companies
Bought by Shire 2011, Now Shire Regenerative Medicine Changed name to Ocata Therapeutics, Nov 2014 Site down Jan 2018 - Feb 2018, Emails bouncing Different company operating at location, dated website, no employees on LinkedIn Advanced Technology and Regenerative Medicine Acquired by TE Connectivity, Feb 2015, $190M Changed name to MiddleBrook Pharmaceutical, June 2007 Owned by CTI Biopharma, no news since 2012, no employees on LinkedIn Assets auctioned, Acquired by Pulmonx Jan 2015 Bought by Circassia Pharmaceuticals, May 2015, $219M Changed name to Aerpio Therapeutics by Reverse Merger of some sort, Mar 2017 Rebranded Avadel Pharmaceuticals Jan 2017 Bought by BMS, Feb 2015, $800M + $450M milestones Renamed FMI holdings, got out of drug business Fornix was acquired by a skiing company in Dec 2013, and renamed - presumably to take over their public listing Licensed all IP permanantly to Biogen, Feb 2017 Bought by Integra Life Sciences, June 2015 Changed name to Arbutus Biopharma, July 2015 Merged with MabVax July 2014, company originally maintained Telik's ticker, then switched it in Oct 2014 GSK subsidiary, no longer has own website, may have been absorbed Bought by The Medicines Company, Sep 2013 Went bankrupt, March 2015, bought by two former employees, seem to be rebranded as RegenMedTx Acquired by Roche, Jan 2016, $115M + $420 Milestones Continue reading >>
Working At Medtronic: 1,798 Reviews | Indeed.com
Spinal Sales Consultant(Former Employee) Chicago, IL March 21, 2018 Working at Medtronic was kind of like working in the Marine Corps in that employees were expected to work non stop and travel up to 100% of the time for long periods. The only difference was that there was no camaraderie and very little support or help from management. It is absolutely a zero defect environment, so if you take a job with Medtronic you better plan on being a perfect employee. Small mistakes are punished remorselessly and of the 20 or so people with whom I was hired, only two remain employed there. There are great benefits, though. And it's a big company, well positioned to weather the coming healthcare crisis. Medtronic is a very well known company in the medical device industry and specialized in mostly cardiac products. Surgical Products Specialist(Former Employee) San Marcos, CA March 19, 2018 I really enjoyed working for Medtronic and my National Sales Manager was an awesome person. Unfortunately, after trying to sell the new device and having to make several engineer changes on the product, Medtronic decided not to move forward with this new product and closed down this new surgical division. They were very generous to us 3 sales reps and allowed us to get a new job before they stopped our pay. Continue reading >>
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Medtronic | Medtronic Layoffs Message Board | Medtech[y] Message Boards
The reason we ask for your email address is to ensure the reporting feature is not abused. Once you report a thread a confirmation email will be sent to you requiring that you did in fact mean to do this action. This also gives us a way to get in touch with you privately to discuss your reasoning if we feel the thread has been reported without merit. Your email address will never be used for any other reason and will never be sold to email marketers. Well the closing of the Joliet warehouse isn't going as planned. They have Fed-Ex and UPS running their new warehouses in Mississippi and New Jersey and won't run it like Joliet. Why you ask? They want to run it their way and it's not going well. I heard they were at 70% done. So in the meantime they are losing customers causing Supervisors to go to the customers and tell them we are sorry and things will get better. What a joke. The warehouse was supposed to be done in December and now it's the end of March and the "next" closing date is in June. Why would a big company like Medtronic give Fed-Ex and UPS their stuff to sell and let them treat us like that? Why don't they tell them this is the way it is. Like it or we will find someone else. But in the meantime Joliet is getting the Ponce products back because they couldn't handle it. So now on top of closing Joliet they are receiving more product everyday and yet they still want the place empty by June. Joliet is doing more with the crew they have now than Mississippi and New Jersey put together. Hmmm. Wouldn't you think they should have just saved all the headaches and just kept Joliet open. Anyone, anyone. So to all the shareholders Omar wants to keep happy you are fighting a losing battle. It's been almost a year since they told us they were closing and you know it was Continue reading >>
Medtronic To Move Manufacturing Lines From Colorado Plant
Medtronic to move manufacturing lines from Colorado plant News Director, Denver Business Journal Medtronic Corp. reportedly will move two manufacturing lines from its plant in Louisville. The Longmont Times-Call newspaper reports that the Dublin, Ireland-based company (NYSE: MDT) -- the world's largest medical-device maker -- acquired the plant from Covidien Ltd., which Medtronic bought in January 2015 . The two manufacturing lines will be moved "to other facilities," a Medtronic spokesman told the Times-Call. The paper said it's not known what impact the move will have on Medtronic's overall employment in the area; Medtronic has not filed a notification of a major layoff with state officials as would be required under the federal Worker Readjustment and Retraining Notification (WARN) Act. The DBJ's Greg Avery has reported that Colorado is the third-largest base of employees for Medtronic. Medtronic currently has more than 2,100 employees in the Denver area, primarily in Boulder County where Covidien (originally known as Valley Lab) employed about 1,700 people developing and making surgical devices. The Louisville site has 400 workers and serves as headquarters of the company's spinal and neurosurgery navigation technology group. Medtronic makes implantable devices, such as insulin pumps, surgical navigation tools and other complex technologies. News Director, Denver Business Journal Continue reading >>
Medtronic Reviews In Tempe, Az | Glassdoor.ie
I worked at Medtronic full-time(More than 10 years) The benefits are better than most. Excellent 401K and medical. The leadership in the first group in which I worked was excellent with strong technical competency. The second group totally political lacking any sense of respect for the employee. There were several great opportunities for one to learn new things, processes and technologies. I thoroughly enjoyed working with the wonderful people in the various areas. My first two supervisors were awesome. There is little to no commitment by upper management or corporate to the employee with regard to job security. Medtronic's annual lay-offs reduced the Medtronic Microelectronics Center from a world-class company to just another Motorola laying off loyal and PRODUCTIVE employee that have been with the company literally decades. This "top-grading" practice that has been in practice for about a decade has killed the "passion for excellence" employees generally always had. Once the layoffs started, the traditional high level of pride people held because they worked at MMC, was quashed overnight. This is quite a departure from what the founders described in their mission statement, in other words walk the talk. Decisions used to be pushed down to the lowest level possible as that is where the working knowledge base lives. In the "old days" an operator on the production line had the authority to stop the line if something was not right or quality came into questions. No longer. The minions have no voice, and they are where the rubber meets the road and from which the products and profits are made. Reject your implementation/practice of layoffs as a method of top grading. Taking Jack "Neutron Jack" Welch (former CEO of General Electric) concept of layoff helping business has d Continue reading >>
