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Medtronic Initiates Restructuring Program To Save Up To $475M Annually

 
• By Reed Miller

The medtech giant will simplify its organizational structure, consolidate operations and give more autonomy to its individual operating units.

organization and team structure symbolized with cubes
• Source: shutterstock.com

Medtronic plc is transitioning to a new corporate operating model to become more efficient and competitive.

In a 1 September filing with the US Securities and Exchange Commission, the medtech giant announced that it will implement a “simplification restructuring program” over the next few months....

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