St. Jude Cuts 300 Jobs

St. Jude Medical STJ, a global medical device company, today announced the realignment of its product divisions into two new operating units: the Implantable Electronic Systems Division (IESD) and the Cardiovascular and Ablation Technologies Division (CATD). The company will also centralize several support functions including information technology, human resources, legal, business development, and many marketing functions. The company's United States and International Divisions, which are focused on product commercialization, will continue serving customers based on existing call points and specialties.