Baxter International, a maker of renal and hospital products, plans to lay off workers as part of a cost reduction plan aimed at addressing what’s been a challenging time for the company.
The company, headquartered in Deerfield, Illiois, will reduce its global workforce by “less than 5%,” Baxter said in an earnings release Thursday morning. As of the end of last year, Baxter had 60,000 workers globally, including 19,000 in the U.S., meaning a 5% cut would represent about 3,000 workers.
A Baxter representative did not immediately respond to a request for additional details Thursday morning.
