Device giant Zimmer Holdings has confirmed that more jobs were cut in Warsaw, Ind., according to a Journal Gazette news report.
The company has not disclosed how many workers were let go or how many jobs will be permanently eliminated. A spokesman said the company’s long-term goal is to reduce operating costs and allocate more funding toward research and development, according to the news report.
The job cuts come as a newly released report shed light on Zimmer CEO David Dvorak’s 2010 compensation, which totaled $9.6 million last year, a 35 percent increase from 2009, according to a MorningStar news report.
Read other coverage about Zimmer Holdings:
– Zimmer, Biomet Among Those Bidding for Astra Tech
– Zimmer, Accentus Medical Sign Technology Agreement
– Zimmer Holdings Reports 3Q Net Sales at $965M, a 1.1% Decrease
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