OM lays off 60-plus employees
By HME News Staff
Updated 10:13 AM CDT, Tue March 21, 2023
RICHMOND, Va. – Owens & Minor has laid off 61 employees in Franklin, Mass., according to a WARN notice filed with the state. The company, which announced a realignment on Feb. 28, laid off the employees nine days earlier on Feb. 17, according to the notice. Owens & Minor officials said during a conference call to discuss the company’s fourth quarter and year-end financial results that they had kicked off an ambitious, companywide program to “right size” the business in the face of new market conditions. OM expects the move to drive $30 million of adjusted operating income in 2023 and provide between $250 million and $400 million of working capital benefits by 2025. The realignment is being led by Dan Starck, executive vice president of OM, president of the Patient Direct segment and CEO of Apria. OM has more than 20,000 employees globally.
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