Changes are underway for Danaher (DHR), the maker of tools and medical technology devices, as the company announced a series of acquisitions alongside expedited restructuring measures meant to eliminate 3,300 jobs.
Source: TheStreet
Kaiser Permanente on Tuesday disclosed plans to eliminate 1,200 jobs in Northern California (about 2 percent of its Northern California workforce), citing uncertainties over the economy, federal health care legislation and shrinking reimbursements for Medicare.
The jobs will be eliminated in the Bay Area, the Sacramento region, and the Central Valley area south to Fresno, Kaiser spokesman Jim Caroompas said.
Roughly one-third of the affected positions are temporary, on-call, or short-hour positions. All 1,200 of the positions are unionized.
Source: The Oakland Tribune
Medtronic Inc. laid off 240 manufacturing workers at its Santa Rosa vascular division today, cutting 20 percent of its Sonoma County work force as it shifts production work to a lower-cost facility in Ireland.
Medtronic has already moved hundreds of Santa Rosa production jobs overseas.
Source: The Press Democrat
The American Medical Association is laying off about 100 workers, or 8 percent of its staff, to “offset declining revenues amid the ongoing economic downturn,” the Chicago-based national doctors group said this afternoon.
The staff cuts at the nation’s largest doctor group will trim “open and existing staff positions” at both its Chicago headquarters and Washington offices effective May 4, the AMA said. The AMA has about 1,200 staffers.
Source: Chicago Tribune
Medical technology company Kinetic Concepts Inc. said Monday it will eliminate 300 jobs as part of a broader cost-cutting effort amid the global economic downturn.
The cuts represent about 4 percent of the company’s work force of just under 7,000. The layoffs will result in a before-tax charge of about $7 million to $10 million in the first quarter, Kinetic said in a release.
Source: AP, Forbes, Kinetic Concepts press-release
According to CNNMoney: ” Medical products-company Hospira Inc. (HSP) plans to cut 10% of its work force, streamline operations and evaluate non-core businesses in an effort to improve efficiency and spur growth.
The Lake Forest, Ill., company, which had more than 14,500 workers as of Dec. 31, is targeting annual cost savings as high as $140 million.”
According to SFGate: “Kaiser Permanente is cutting 860 information technology jobs nationwide under a realignment that includes a $500 million deal giving IBM management duties at Kaiser’s medical records data centers.”
“The Oakland health maintenance organization, which has spent as much as $5 billion over the past five years building up its electronic records system, said Monday it has inked a seven-year deal with IBM to maximize the performance of its data processing units.”
“In a separate action, Kaiser is eliminating an additional 160 information technology jobs scattered across 30 locations as it pares back spending due to the impact of the economic downturn.”
“Of the 700 staffers affected by the IBM deal, 500 work at one of the California data centers, which are located in Pasadena, Corona, Napa, Walnut Creek and Irvine”
~News submitted by Jack R.
According to FoxNews: “Satyam Computer Services Ltd., the Indian tech giant at the center of a $1 billion executive fraud and a World Bank ethics scandal, is involved in yet another kind of debacle — this time at the United Nations’ public health arm, the World Health Organization (WHO).
At issue is Satyam’s role in the development of a $55.5 million global business management system for WHO, which was slated to become the master control for staffing, financial payments and procurement by the organization by an initial deadline of September 2007.
That deadline has long since passed, and instead, according to documents obtained by FOX News, the project is far behind schedule, wallowing in glitches that have deeply affected WHO operations, and, despite management claims to the contrary, likely to end up far exceeding its budget.
Moreover, according to the documents, in the push to get at least part of the system up and running by last summer, Satyam ignored the instructions of the software’s manufacturer, Oracle, for implementing the complex system; ran user tests that validated the system without “being able to replicate a real-life situation,” provided little or no training to WHO employees; and failed to adequately involve health care professionals who see the system as a vital tool, among a host of other failings.”
Attempting to cut $100 million in expenses, the University of Chicago Medical Center is planning layoffs that could number in the hundreds, the Sun-Times has learned.
U. of C. has not disclosed the final number, but a report citing possible cuts of 500 to 1,000 jobs is “high,” a source close to the matter said Saturday.
Source: Chicago Sun-Times
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