Healthcare manufacturing and distribution giant Cardinal Health is moving production out of north suburban Waukegan, a move that will cost some 650 local jobs.
\Dublin, Ohio-based Cardinal Health disclosed Wednesday that it also would sell property in Waukegan, but the company will keep some operations there. Cardinal expects to incur a loss on the property sale, according to a filing with the Securities and Exchange Commission.
Cardinal will sell seven of the nine buildings at McGaw Park and consolidate Waukegan employees into the remaining two, the spokeswoman said.
Cardinal's decision will cut 650 jobs in Waukegan, leaving about 700 there, a Cardinal Health spokeswoman said. The Waukegan production of surgical kits will move to South Carolina and Mexico, she said. The net job loss to the company will be about 100.