Medtronic Jobs: Firm Will Double Chinese Workforce in 4 Years

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

A Chinese English-language newspaper, China Daily, is reporting that Medtronic (NYSE: MST  ) is planning to double its workforce in the Asian nation in four years.

That will mean 2,000 employees will work at the Minnesota device maker's Chinese operations in 2015. Job openings will be available on all fronts, from sales and marketing to research and development.

Emerging markets make up 60% of Medtronic's international revenue, and China accounts for 40% of those emerging markets, confirmed Steve Cragle, a Medtronic spokesman.

"Emerging markets and the largest emerging market are absolutely important to our overall growth," Cragle noted.

Earlier this year in March, Medtronic, which makes new innovative medical devices, opened a new regional headquarters building in Shanghai.

The Chinese article quoted Medtronic's Jean-Luc Butel, executive vice president and group president of Medtronic International, saying that Medtronic aims to form new relationships with the Chinese medical-device industry through joint ventures and M&A activity.

In 2008, Medtronic and Shandong Weigao Group created a joint venture with Medtronic holding a 51% stake. The joint venture was created to market Medtronic's spinal products and Weigao's orthopedic products, which include therapies for the hip, shoulder, spine, and trauma in China.


The Motley Fool owns shares of Medtronic. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1534992, ~/Articles/ArticleHandler.aspx, 10/26/2016 5:29:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
MST.DL2 $0.00 Down +0.00 +0.00%
MS CAP PROT S&P M4… CAPS Rating: No stars