Cardinal Health Cuts California Jobs

Dublin-based Cardinal Health says its Clinical and Medical Products unit will eliminate 1,300 jobs, with most of the cuts made during the next six months, as hospitals cut back on equipment purchases. Cardinal plans to spin the unit off later this year. Troy Kirkpatrick is a Cardinal Health Spokesman:

“[The] announcement about Cardinal Health’s reduction in workforce is affecting our Clinical and Medical Products businesses that are headquartered in San Diego and are expected to be spun off as a publically traded company later in the year,” Kirkpatrick says.

“The announcement in no way affects our operations and facilities in Central Ohio.”

Cardinal Health’s central Ohio operations employ between 2,500 and 3,000 workers.

Cardinal Health Inc. says it will take a $33 million restructuring charge in fiscal 2009, which ends in June, and a $24 million charge in fiscal 2010. It said the cuts will save it $110 million to $130 million annually within two years.

Cardinal employed more than 47,000 as of last June.