updated: 6/12/2009 8:18:52 AM
Zimmer Holdings Inc. (NYSE: ZMH) is laying off approximately 100 workers at its Warsaw operations. The company says the decision is part of an effort to further position it for long-term, sustainable growth. Zimmer says less than 5 percent of its global work force is affected by what it describes as a realignment.
Source: Inside INdiana Business
Statement From Zimmer Inc.
From 2006 to the present, Zimmer has invested substantially to expand our employee base. Global employee growth over this time period is 21%, with growth in Warsaw also at 21%. Zimmer has recently taken steps that further position the company for long-term, sustainable growth.
We have initiated modest changes in our work force, which include the elimination of positions in some areas and increases in others to balance requirements necessary to support strategic priorities.
Less than 5% of the global workforce is affected by the realignment; that is true for the Warsaw site, where just over 100 of our total employment of more than 2,800 are affected.
Source: Zimmer Holdings Inc.