Mentor, Ohio-based Steris, a medical equipment company specializing in sterilization and surgical products, has announced a restructuring and personnel realignment. "The restructuring includes product line re-evaluations, facility consolidations, a strategy shift in the company’s healthcare surgical business in Europe, and an impairment review for an X-ray accelerator that was internally developed."
The reduction in force will impact approximately 300 employees with the restructuring to be mostly complete by early next 2025.
In an SEC filing, "the restructuring is meant to enhance profitability and improve efficiency."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?