ResMed communicated this morning they are sacking the whole Product Development team in Martinsried, Germany, plus people of hospital care from Gremsdorf – around 28 people total.
They are hiring a very good outplacement agency would be hired for the people made redundant. They also indicated they had a long discussion about telling it now or after Christmas, but preferred making the communication now even through the advent period, as the rumours would have probably spread anyway and made the thing more bitter.
They said the decision was purely operational. The PD function will be concentrated in other regions (e.g. Sydney) while in Germany there will be more focus on Healthcare Informatics.