Kinetic Concepts Inc. said Monday that the company is planning on laying off 4 percent of its work force, or 300 employees, worldwide.
San Antonio-based KCI (NYSE: KCI) is proceeding with the layoffs as a way of reducing expenses, improving operational efficiencies and increasing shareholder value.
The company created a global shares services team that will explore ways to improve the company’s overall productivity and performance.
Tuesday, March 31, 2009
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