Home » Stryker says 88 jobs to be eliminated in May, part of previously announced layoff schedule – The Ledger

Stryker says 88 jobs to be eliminated in May, part of previously announced layoff schedule – The Ledger

by Arifa Rana

Medical device manufacturer Stryker will layoff 88 people by the end of May as part of a previously announced plan to close its Lakeland location by December 2023 and let go of 495 workers.
Stryker Employment Company LLC, in an April 1 letter, notified Mayor Bill Mutz that it had decided to continue its program of layoffs at the company’s Lakeland facility.
“We expect that this will result in the permanent layoff of approximately 495 employees and the closure of the facility by Dec. 31, 2023,” said the letter signed by Stryker’s human resources manager, Kathy C. Taylor. 
The Michigan-based company started the layoff with the elimination of 22 positions on Dec. 31, the letter said. Stryker plans to eliminate an additional 88 positions on May 31.
The remaining 385 job cuts are expected on a rolling basis by Dec. 31, 2023, Taylor said.
Previously: Stryker to lay off 500, close Lakeland office by December 2023
Lakeland warehouse: Amid global cost-cutting plan, Peloton to close local facility, laying off 58
Local job growth: February job figures show Polk County still ahead of Florida in many job categories
The letter was sent to meet federally mandated Worker Adjustment Retraining and Notification Act requirements, she said.
The company first announced the layoffs in an October letter to the state.
Stryker makes orthopedics, medical and surgical and neurotechnology and spine products for hospital patients. With numerous U.S. and worldwide subsidiaries, Stryker has about 46,000 employees worldwide, and its 2021 sales increased 19.2% from the previous year to $17.1 billion.
It sells medical devices in 100 countries.
Since the layoffs were announced, the Stryker’s publicly traded stock has average more than $270 in price. Its 52-week range has been from $236 to $281.

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