From the editors of Twin Cities Business:
Minnesota’s labor force rebounded in May, driven in part by the construction and manufacturing sectors, although the state’s annual job-growth rate continues to lag the national average.
Despite a legal headquarters relocation, Medtronic is retaining its workforce in Minnesota, which remains a national leader based on med-tech jobs and concentration of medical device manufacturers.
Quad/Graphics’ plant closure comes after other firms, including Creative Memories and Verso Paper, laid off area employees in recent years.
Bio-Techne has agreed to purchase ProteinSimple for $300 million in cash in a deal expected to close this summer.
The local office closure comes after Advance Auto Parts acquired General Parts International, and the company also plans to close about 100 stores throughout the country.