Susan Soldin’s Post

Medtronic, a leading medtech giant, anticipates potential job losses in Ireland as it shuts down its ventilator business, affecting up to 40 employees. While the company reassures the significance of its Galway site, where ventilators are manufactured, the move reflects broader industry trends. With the medical device sector witnessing layoffs and restructuring efforts to streamline operations and refocus strategies, Medtronic's decision to exit the ventilator market aligns with this trend. The company aims to consolidate its respiratory and monitoring businesses into a new unit, impacting its workforce. As Medtronic initiates consultations with affected employees, the exact timeline for job losses remains unclear. Nonetheless, the company affirms its commitment to providing support and exploring opportunities for affected employees within the organisation. If you've been affected by this unfortunate turn of events Trilogy International is also here to help. Feel free to drop me a message and we can discuss finding you your next contract! #MedTech #Healthcare #IndustryNews #Medtronic #JobLosses #Ireland

Today's leaders must ensure that their number one priority is to help the people they're serving. While I was working with Medtronic, a discussion I had with some of the innovators made me shift my primary focus from growth and financial figures, to how many people we would be able to help. You can find my full interview with Omar Khateeb here: https://bit.ly/40sPdkV

🚨 Medtronic's Stellar Success... and a R500 Million Oopsie? 🚨 In the world of medical technology, Medtronic stands tall, boasting revenues that soared to over $31 billion in 2023. Their groundbreaking innovations have touched countless lives, and their financial prowess is evident in their impressive growth from $11.3 billion in 2006. Truly, a beacon of success in the industry! Yet, amidst this glittering success story, there's a curious subplot. In #southafrica, a country where many live in squalor and millions hustle daily for a decent life, Hildegard Steenkamp, a mere accountant, managed to siphon off a cool R500 million over 13 years from Medtronic. Her genius move? Duplicating payments to a personal account. It's almost as if while Medtronic was busy revolutionizing medical tech, someone else was revolutionizing... embezzlement? So, here's a toast to Medtronic! For their unparalleled success, their financial acumen, and for giving us a masterclass in why even giants should occasionally check their pockets. #MedtronicMilestones #FinancialOversight #CheckYourPockets #CorporateIrony

Good news on the horizon for Medtronic! They're seeing positive revenue growth across all business areas, kicking off FY2024 with a 4.5% gain. While they've had some restructuring moves earlier this year (including a few layoffs and spinning off their renal tech division), the #medtech giant seems to be on a forward trajectory. Notably: 💓 Their #cardiovascular portfolio saw 5.5% growth, thanks to impressive gains in the U.S. and Japan. 🧠 Neuroscience? A 4.9% increase with a special shoutout to the Mazor #robotics system. 🤖 And who could miss the launch of the MiniMed 780G insulin pump and those next-gen Micra pacemakers? Also, eyes on the lookout: Medtronic's planning to spin off its patient monitoring and respiratory businesses later this year. Thoughts on these moves? Let's discuss!

#DEI is strongly rooted in Stryker’s mission, values, and culture. As we remind ourselves of our commitment to DE&I at the Stryker global summit this year, we asked a simple yet powerful question: Why does DE&I matter to us? Diversity, Equity, and inclusion matters to me because it strengthens our workforce, it brings us closer to our customers and allows us to make better decisions. With DE&I as a cornerstone, we will be able to create an equitable culture that engages and inspires our talents to achieve their full potential, and drive innovation and growth to make healthcare better. True DE&I goes beyond policies and workshops. It is about creating and fostering a culture where every individual feels safe and included. When we start to embrace true DE&I, we start to foster an environment where everyone can thrive. Join us this year as we celebrate DE&I across Stryker globally and let us continue to ask ourselves the big why - What’s your why? #StrykerProud #WorkplaceAuthencity #CorporateCulture

No better way to wrap up my first week leading the Pain Interventions organization than receiving word that our Inceptiv spinal cord stimulator has earned regulatory approval in Western Europe. Inceptiv will be a game-changer for patients in Europe, capable of sensing the body’s neural response to stimulation 50 times per second. In a clinical study (ECHO-MAC), 9 out of 10 patients preferred the optional closed-loop setting compared to fixed-output stimulation. The future is bright, and I’m so grateful to be a part of the Medtronic Pain Interventions team. We look forward to bringing Inceptiv™ to people in Europe who are suffering from chronic pain. Note: Inceptiv™ is not approved for sale in the United States. See risk information: https://bit.ly/3OuzyxQ #MedtronicEmployee; #ChronicPain; #PainManagement

If one thinks about the quality of after sales services I think a buyer needs to ask the hard questions after requiring the seller of a devices, new, refurbished or as is, provides adequate manuals and software at a layperson’s level before the sale to examine. Is the service from new device sellers better than everyone else? There is no proof to back this a statement of services. In fact CDRH found ISO services do not pose a patient safety risk. If one expands services from the OEM I would ask with the reliance on on line troubleshooting is an OEM service rep trained to a superior level? My answer is no for one reason. Why would an OEM y train a person to a level that this person could benefit from by starting their own business? In addition, I ask are persons who start their own service company that competes with their former company more qualified than the OEM reps? Yes. Buyers beware. If an OEM will not give you adequate manuals and software at a layperson’s level before the sale for you to examine and request more, do not buy their devices period end of discussion. That’s how it’s done starting at the VA, DOD, large hospitals and independent medical facilities and only this will answer Dustin’s questions.

Ireland, despite its size, is a global leader in the medical device industry. This insightful blog delves deep into: ✅The booming Irish medical device market & its economic impact. ✅The top companies that are shaping the industry, including a closer look at their commitment to DE&I, Compensation, Company Culture and jobs most in demand! ✅What factors matter most when choosing a STEM employer in this sector Whether you're a job seeker, industry enthusiast, or simply curious, this is a must-read! Click the link to explore the full blog! ➡️ #MedTech #Ireland #STEM #Careers #MedicalDevices #JobMarket #Insights

How do we support our employees' well-being journeys? Through programs like AbbVie in Motion that encourage them to be active, build #HealthyHabits, connect as a team and have fun. Hear employees around the world share how being active supports their overall well-being. Explore our programs: https://bit.ly/3xhfrxw  [Video description: AbbVie employees answer the on-screen prompt, “How does being active support your overall well-being?”]

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