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Cardinal Health restructuring to cost 180 jobs, including 20 in Dublin
Columbus Business First ^ | January 30, 2013 | Carrie Ghose

Posted on 02/03/2013 1:55:01 PM PST by 2ndDivisionVet

Cardinal Health Inc. said Wednesday it plans to cut about 180 jobs, including 20 at its Dublin headquarters, and take a pre-tax charge of $79 million as it restructures a unit in its medical supply division.

The moves are meant to anticipate customer demand for greater efficiency and lower cost, spokeswoman Debbie Mitchell said in an email to Columbus Business First.

The pharmaceutical and supply distributor outlined the costs in a filing with the Securities and Exchange Commission, saying the charges will come from employee separations and an expected loss on selling real estate at its campus in Waukegan, Ill.

The company is closing the Chicago-area facility that assembles surgical kits, which are sterilized packages with instruments used in specific surgical procedures, and moving production to the two other facilities that make the kits in Fort Mill, S.C., and Juarez, Mexico. The Waukegan facility employs about 650, but the net job loss to Cardinal will be about 100 as positions transfer to the other two sites, Mitchell said...

(Excerpt) Read more at bizjournals.com ...


TOPICS: Business/Economy; Health/Medicine
KEYWORDS: illinois; layoffs; mexico; obamacare; southcarolina; unemployment; wisconsin

1 posted on 02/03/2013 1:55:11 PM PST by 2ndDivisionVet
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