Medtronic MDT Layoffs Job Cut: may fire 1800 employees

The news is not good for the employees of the Medtronic, which is the famous medical device making company. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Medtronic Organization, which may be going for layoffs.
How many employees may be fired in the Medtronic layoffs?
As per the reports, there can be around 1500 to 1800 layoffs by Medtronic. Out of these, around 600 job cuts are expected to be from the twin cities.

What is the total no. of employees of Medtronic?
The total no. of employees of Medtronic is around 8000 as of now.

What will be the cost and savings by Medtronic layoffs?
No info about that.

When will the Medtronic layoffs happen?
The layoffs are expected to be completed by June 30, 2009

Which locations and department of employees will be affected by the Medtronic layoffs ?
As reported, the Minneapolis based company said around 600 job cuts will be in twin cities.

What is the primary reasons for Medtronic layoffs?
All can be attributed to the cost cutting which is one of the major reasons for layoffs.

Any other news about Medtronic layoffs
As per DailyGlobe, The reduction includes about 400 U.S. employees who have accepted early retirement or voluntary separation agreements or who will complete the term of their employment by May 29. Though there are news that company plans to add 700 jobs in sales or research and development.
Let's hope that alternative jobs are available to the affected employees of Medtronic Layoffs Job Cut