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Business growth, efficiency program launched by Medtronic

A multiyear business growth and efficiency program called the Enterprise Excellence Program was established by Medtronic in hopes of reducing costs by more than $3 billion by the end of its fiscal year 2022. The program, which will focus on global operations, as well as functional and commercial optimization to improve productivity, employee experience and customer experience, may lead to additional payments and charges, including those linked to employee-related costs, said the company, noting that its overall employee base will be relatively the same.

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