Local Business

Covidien to hire 100, career fair Feb. 28

CRYSTAL LAKE - Covidien plans to fill more than 100 new positions.

The Crystal Lake manufacturer will host a career fair from noon to 8 p.m. Feb. 28 at its facility, 815 Tek Drive.

The company has more than 100 new job openings in manufacturing, maintenance, engineering and quality assurance.

Meghan Peters, Human Resources Manager, said the job openings are the result of a new product line of syringes being brought to the Crystal Lake plant. The plant currently manufactures medical waste containers.

She said there are nearly 400 full-time employees in Crystal Lake.
"We're hiring salaried employees, hourly employees" Peters said, "It's a wide spectrum."

For more information about the career fair, visit www.covidien.com.

Covidien is a global health-care products company that manufactures, distributes and services medical devices, pharmaceuticals and medical supplies. Revenue in 2012 was $11.9 billion,

Covidien has 43,000 employees worldwide in 70 countries, and its products are sold in more than 140 countries.

Covidien currently is in the process of spinning off Mallinckrodt, its pharmaceuticals business. Earlier this month it filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission.

"The filing of the Form 10 Registration Statement is an important milestone in our ongoing separation process," said José E. Almeida, chairman, president and CEO in a press release. "As two distinct businesses, Covidien and Mallinckrodt will be better positioned to capitalize on significant growth opportunities and provide greater focus on their respective businesses and strategic priorities."

Covidien intends to spin off its pharmaceuticals business through a distribution of Mallinckrodt shares which is expected to be tax-free to U.S. shareholders, except for cash received in lieu of fractional shares.

The separation is expected to occur at the end of the second calendar quarter of 2013.

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