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Hill-Rom Lays Off 160
By HealthcareCrossing.com
Despite increases in earnings, Hill-Rom of
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 commodity price inflation and high fuel costs that affect operations.
Hill-Rom, which recently split into two companies in March (formerly Hillenbrand Industries), reported $21.3 million 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.
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