Coloplast eliminates 300 positions

Coloplast eliminates 300 positions and announces 146 terminations effective today.

This will make Coloplast more competitive by reducing staff costs.

"I truly regret having to part with so many highly competent employees who have performed at Coloplast with both commitment and enthusiasm. Unfortunately, this is necessary if Coloplast is to maintain its position among the world's leading med-tech companies. We have to acknowledge that during the past couple of years, our organization has become too complex, in part due to major organizational changes, relocations and company acquisitions. "That's what we're changing now," says Lars Rasmussen, who was recently appointed CEO of Coloplast effective October 1.

The job positions identified as redundant by the restructuring of the organization include 110 in Denmark and 36 outside of Denmark. The difference between the 300 positions mentioned and the 146 terminations is primarily due to vacant positions being eliminated altogether. Coloplast employs approximately 7,600 people globally.

"This is a difficult time for our staff but the decisions we've made will bring us back in line with the type of organization that has produced growth and profits for Coloplast during the last 50 years," concludes Lars Rasmussen.