Hospital bed maker Hill-Rom, Batesville, Ind., is planning to eliminate as many as 300 positions in the next year and at the same time beef up its focus on "new revenue initiatives" with 100 new employees. As a result of the business restructuring, officials said Hill-Rom's corporate parent, Hillenbrand Industries, will take a third-quarter charge of up to $11 million. The restructuring is expected to reduce operating costs by as much as $14 million annually, officials said. The new business structure will divide Hill-Rom into five units: patient-care products, therapy products, services and two overseas units. Officials said they expected the new structure to speed decisionmaking and responsiveness and improve the company's ability to integrate future acquisitions. -- by Cinda Becker
Hill-Rom to eliminate jobs, restructure business
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