Medtronic's CRM and spine units continue to struggle, layoffs ahead

May 22, 2012 by MassDevice staff

Medtronic announces layoffs of about 1,000 from various divisions as the company's cardiac rhythm management and spinal products see continued declines, but the slump may be slowing.

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Medtronic's (NYSE:MDT) bellwether 4th quarter and full-year earnings noted a continued decline in U.S. cardiac rhythm management and spinal products, but the slump may be slowing, the company said.

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