Will Zimmer Holdings continue to use Forced Ranking of personnel forcing managers to layoff the bottom 5%.
3M did the same thing for years, but then again the Boeing loser McNerny was at the helm. They have a current opening for a Logistics manager in Mpls, my specialty. I think I will keep looking. Too many negative comments to ignore.
Sounds like 90% of the businesses out there.
All very true, in the past they have fired guys with cancer and MS. Currently moving to outsource several departments, including moving warehouse and shipping to Memphis. Maybe easier to recieve and ship products from China?
Sounds like hell; good work publishing this fact here so people can make informed decisions.
If you never heard of them, you are not aware of this medical market segment that has grown rapidly over the years. Once a part of Bristol Meyers, Zimmer was at one time the segment leader.
They have been known for an internally competitive culture that has professionals plotting against one another in ways to make Machiavelli proud. I have heard of such subtle tactics as leaving old porn magazines in others office trash to imply that they do inappropriate things in the office.
In the last 5-10 years a poor senior management has caused this company to slide. Zimmer continues to lose significant market share in a declining economy for a number of reasons. First, because of neglect of the employees and institutionalized fear. Employees who work there now describe a "lifeless existence" where everyone has become actively disengaged. Most of the really good people have been fired, laid off, and/or left for better jobs. Ironically, given their primary product offerings, Zimmer has an aversion to older employees and their inherently more expensive healthcare; thus a wide cross-section of experienced managers and professionals have been laid off in the last few years. Second, many key strategic decisions involving R&D, Biologics, and Spine divisions have created a vacuum in innovation and pipeline of new products. This company is likely going to be a takeover target if and when the economy turns around.
sounds like GE
Big deal. When I worked at DPC in the 80's, annual turnover due to firings was over 20%.
Zimmer Holdings is a leading medical device manufacturer that has a strong market presence in replacement knees, hips, associated tools and accessories.
Of course, if you've ever needed one of their products it disqualifies you has being unable to keep up with the fast pace of the company.
This policy is making Zimmer an absolutely abysmal place to work. And disengaged employees plotting against each other cannot possibly help sustain long term earnings growth. It is a very "anti-team" environment and employees cannot trust their supervisor nor their co-workers.
People are graded on their ability to progress to the next levels and on their performance "energy" level.
In practice it is...are you young and vibrant enough that the company expects you to rise through the ranks.... No consideration for people who are over 40 or have disabilities.
Its important that people who may relocate to one of the Zimmer facilities across the country understand the risk. They lay off 5% every year. Its a popularity contest...and what have you done for me lately? Backbiting because why would you help your fellow worker if its going to make them look better than you.....its now a cutthroat environment...
"never heard of them"
Not even a 'Zimmer Frame'?
It's not just Zimmer doing this. It actually started at GE. Unfortunately until the economy improves and jobs become more available there is not much you can do.
never heard of them
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