Botox-maker Allergan announces restructuring measures that will cut 13% of its global workforce as the company sinks deeper into a months-long battle against activist investors and attempts at a takeover.
Updated July 21, 2014, at 12:40 p.m. EST with additional information on Allergan's earnings.
Medtronic lays off 40 workers in its Fridley, Minn., headquarters and at its Mounds View, Minn.-based cardiac rhythm disease management and structural heart divisions.
Medtronic (NYSE:MDT) is laying off some 40 workers in its Minnesota home base, the medical device company told the Minnesota Dept. of Employment & Economic Development in April.
Johnson & Johnson orthopedics subsidiary DePuy Synthes confirms that it's undertaking layoffs in order to overhaul its operating model.
Johnson & Johnson's (NYSE:JNJ) DePuy Synthes division confirmed today that it's cutting around 2% of its 23,000-member workforce as the company weathers shifts in the healthcare market.
The Wall Street Journal reports that Johnson & Johnson is terminating 400 workers from its DePuy Synthes orthopedics unit amid "seismic shifts" in the healthcare market.
Johnson & Johnson (NYSE:JNJ) is letting go of about 400 workers from its DePuy Synthes orthopedics division, according to a report from the Wall Street Journal.
The U.S. Labor Dept. awards Massachusetts $1 million to help provide retraining and job services to terminated Haemonetics employees.
MASSDEVICE ON CALL — Workers displaced by Haemonetics' (NYSE:HAE) shift overseas will get a little extra relief after federal labor regulators awarded Massachusetts $1 million for retraining services.
Another report from Illinois details more restructuring at Abbott Labs' Lake County headquarters, associated with cost-reduction efforts initiated earlier this year.
Inside sources at healthcare giant Abbott (NYSE:ABT) revealed that there were new layoffs at the company's Lake County, Ill., headquarters this week, the Chicago Tribune reported.
Medtech giant CareFusion hits a new 52-week Wall Street high and confirms plans to fire nearly 400 employees as it moves manufacturing from New Jersey to Mexico.
Updated 6/24/2014 at 5:20 p.m. EST with comments from CareFusion.