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St. Jude Announces Layoffs In Restructuring Plan

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(credit: St. Jude Medical, Inc.)

(credit: St. Jude Medical, Inc.)

CBS Minnesota (con't)

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MINNEAPOLIS (WCCO) – In another blow to Minnesota’s work force, St. Jude Medical has announced layoffs as part of a restructuring plan to deal with slumping sales.

St. Jude Medical is laying off about 500 employees as part of its restructuring. According to a Star Tribune report, about 100 of those positions are from the company’s Minnesota office.

The move comes just three months after St. Jude made a different round of job cuts that eliminated about 300 workers.

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