The 5 percent reduction was announced in November of 2011 and would include 1,000 employees. Stryker, which is based in Kalamazoo, Mich., said the reduction would provide efficiencies and help "realign resources" before the 2.3 percent medical device tax goes into effect.
More Articles on Medical Devices:
Lawmakers Launch Opposition to Federal Medical Device Sales Tax
Tornier CEO Douglas Kohrs Retires as President, CEO
MedShape Introduces DynaNail for Ankle Arthrodesis
Stryker to Eliminate 1,000 Employees by Year's End FeaturedWritten by Heather Linder | Tuesday, 20 November 2012 11:56
Orthopedic device maker Stryker has planned to layoff 5 percent of its global workforce by the end of 2012, and efforts are on track for completion, according to Michigan Live.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies here.
New from Becker's Orthopedic & Spine Review