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EspañolHill-Rom Lays Off 160
Title:
Hill-Rom Lays Off 160
Description:
Despite increases in earnings, Hill-Rom, of Indiana, is slashing 3% of its labor force to cut costs. The medical equipment manufacturer is cutting 160 positions, according to a Business First report. Company CEO, Peter Soderberg announced the move, as he concluded the company is dealing with a commodity price inflation and high fuel costs that affect operations. Hill-Rom, who recently split into 2 companies in March, from Hillbrand Industries, reported $21.3 million dollars in net income for the third quarter. And the company saw an 11% revenue increase from last year. Employees who are part of the cutbacks are being offered severance packages and could possibly transfer to other positions within Hill-Rom http://www.EmploymentCrossing.com
Author:
employmentcrossing
Tags:
Hill-Rom Lays Off 160, Cuts, 160, Jobs, Hill-Rom, Indiana, slashing, 3%, of, its, labor, force, medical, equipment, manufacturer, Business, First, EmploymentCrossing.com, HealthcareCrossing.com, CEO, Peter, Soderberg, commodity, price, inflation, high, fuel, costs, split, into, companies, in, March, Hillbrand, Industries, $21.3, million, dollars, net, income, for, the, third, quarter, 11%, revenue, increase, from, last, year, severance, packages,
Hill-Rom Lays Off 160
Description:
Despite increases in earnings, Hill-Rom, of Indiana, is slashing 3% of its labor force to cut costs. The medical equipment manufacturer is cutting 160 positions, according to a Business First report. Company CEO, Peter Soderberg announced the move, as he concluded the company is dealing with a commodity price inflation and high fuel costs that affect operations. Hill-Rom, who recently split into 2 companies in March, from Hillbrand Industries, reported $21.3 million dollars in net income for the third quarter. And the company saw an 11% revenue increase from last year. Employees who are part of the cutbacks are being offered severance packages and could possibly transfer to other positions within Hill-Rom http://www.EmploymentCrossing.com
Author:
employmentcrossing
Tags:
Hill-Rom Lays Off 160, Cuts, 160, Jobs, Hill-Rom, Indiana, slashing, 3%, of, its, labor, force, medical, equipment, manufacturer, Business, First, EmploymentCrossing.com, HealthcareCrossing.com, CEO, Peter, Soderberg, commodity, price, inflation, high, fuel, costs, split, into, companies, in, March, Hillbrand, Industries, $21.3, million, dollars, net, income, for, the, third, quarter, 11%, revenue, increase, from, last, year, severance, packages,
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