Medtronic to Shutter Mounds View Facility, Cut Jobs
Fridley-based Medtronic, Inc., will shutter its Mounds View distribution center by the end of April and transfer the work done there to three of its other distribution sites around the country-a move that will affect roughly 100 local jobs.
Company spokesman Steve Cragle confirmed the plans on Friday. There will be “some reduction in jobs” as a result of the transferred work, but “employees are aware” that the shift will be made and “some have already found other opportunities within Medtronic,” he wrote in an e-mailed statement, although he declined to provide a specific number.
Cragle said that the medical-technology company distributes a variety of products from its Mounds View facility, and the majority of the work currently performed there will be handled at its facility in Memphis, Tennessee.
Medtronic spokesman Brian Henry said that the company is working to consolidate its distribution efforts to its facilities in Tennessee, New Jersey, and California. “This is part of our ongoing strategy to streamline operations to better meet the needs of our customers,” he said.
Medtronic employs more than 4,000 workers in Mounds View-most of whom work at its cardiac rhythm disease management headquarters.
The buildings at the Mounds View distribution center occupy roughly 100,000 square feet, according to Henry. He said that the company isn't commenting on future use of the property, and it does not anticipate other significant changes at Medtronic facilities in Minnesota in the near future.
Medtronic is among Minnesota's seventh-largest public company based on revenue, which totaled $15.8 billion in its most recently completed fiscal year.