The layoffs result from organizational restructuring to eliminate duplication of roles and combine the company's Memphis-based orthopedic reconstruction and trauma division with the endoscopy division based in Andover, Mass. The new division will be called Advanced Surgical Devices Division, according to the report.
The company's new business model will focus on investing in emerging markets where there is a potential for growth.
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Smith & Nephew Cuts 80 Jobs in Memphis for RestructuringWritten by Laura Dyrda | Wednesday, 14 December 2011 22:00
Smith & Nephew recently announced the company would cut 80 jobs at its orthopedics unit in Memphis, according to a Daily News report.
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