About 70 employees from the U.S. headquarters of Covidien PLC, located in Mansfield, are losing their jobs because of the Irish medical supply company's five-year plan to cut costs, according to the Boston Globe.
Cuts were made at the corporate office in Mansfield across the board, including administrative services, legal affairs, and information technology, Covidien spokeswoman Lisa Clemence told the Globe. Severance pay will be provided to the affected workers, she said.
Covidien, which has about 38,000 workers globally including 1,800 in Massachusetts, is aiming to save $250 million to $300 million annually starting in the 2014 fiscal year, which began on Oct. 1.
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