St, Jude (STJ) Ticks Higher; Will Realign Business, Cut 300 Jobs

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Go back to St, Jude (STJ) Ticks Higher; Will Realign Business, Cut 300 Jobs

UPDATE: St. Jude Medical (STJ) Realigns into Two Business Units; Cuts 300 Positions

August 30, 2012 1:32 PM EDT

(Updated - August 30, 2012 1:33 PM EDT)

St. Jude Medical, Inc. (NYSE: STJ) announced the realignment of its product divisions into two new operating units: the Implantable Electronic Systems Division (IESD) and the Cardiovascular and Ablation Technologies Division (CATD). The company will also centralize several support functions including information technology, human resources, legal, business development, and many marketing functions. The companys United States and... More