Medtronic (NYSE:MDT) will reportedly move some of its manufacturing jobs from Warsaw, Ind., to other locations.
The Fridley, Minn.-based company’s senior principal communications generalist Michelle Claypool shared in in email that the moving is slated to occur in phases over the next two years, according to a Times Union report yesterday.
Claypool also said there was no specific number she could share in terms of the impact on the Warsaw location or the employees affected, as the project may be subject to change over the two years.
“Medtronic operates within a highly competitive global healthcare environment,” Claypool said in the email, according to the Times Union. “Throughout the company’s global locations, we consistently evaluate our operations to advance growth, improve operational efficiency, and strengthen our position for the future. As a result, Medtronic is transitioning some manufacturing from the facility in Warsaw, Ind., to other Medtronic manufacturing facilities within its operations network. The Warsaw site will remain open and continue to manufacture other products. We recognize the strong work, dedication, and quality of the Warsaw team and are providing employee assistance to help impacted employees through the transition.”
Shares of MDT were down -0.2% at $108.35 per share in mid-afternoon trading today.