Ohio Company To Cut 600 Jobs (Cardinal Health)

[OhioChick]

Source: AP

POSTED: 8:22 am EDT July 8, 2008
UPDATED: 9:02 am EDT July 8, 2008

DUBLIN, Ohio -- Health care products and services company Cardinal Health Inc. says it will cut 600 jobs as it streamlines its business into two primary segments.

Cardinal said the restructuring announced Tuesday will group its units into a Healthcare Supply Chain Services segment and a Clinical and Medical Products segment.

Chairman and CEO R. Kerry Clark said the changes will save money and make the company more efficient.

Cardinal said the job cuts will include 160 positions that are currently open and will not be filled.

Employees whose jobs are eliminated will be offered severance benefits.

The company said it will take a $63 million dollar charge against earnings to pay for the restructuring.

Cardinal Health is based in the Columbus suburb of Dublin.

Read more: http://www.newsnet5.com/news/16817788/detail.html

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Ohio is on it's last leg here....

[EnviroBat]

1. Awww shoot.

What happened? Didn't hit their $100 million profit margin last quarter? I know people who work there, or worked there. More fucking corporate greed at work.

[Voltaire99]

2. "Healthcare Supply Chain Services"

A.K.A. "Profiteering Assholes-R-Us"