Theragenics' recent rhetoric about the medical device tax captures many of the repeal movement's high points: layoffs, restructuring and the myth of a medtech windfall contained in healthcare reform.
Medtronic is about 2/3 of the way through a restructuring plan involving 2,000 layoffs worldwide, with about half of the job cuts in the U.S., company officials say.
Medtronic (NYSE:MDT) is about ⅔ of the way through a restructuring program that includes layoffs for 2,000 workers worldwide, company officials said today, with about half of the job cuts coming in the U.S.
Texas-based Galt Medical Corp. is reportedly laying off 139 workers as it shutters its hometown plant.
Texas-based Galt Medical Corp., a division of Theragenics (NYSE:TGX), is laying off 139 employees as it closes doors on a facility in its Garland hometown, according to a notice filed with state authorities.
Analogic says it's eliminating 140 jobs as it integrates Ultrasonix Medical into its medical device business.
Analogic (NSDQ:ALOG) said it plans to lay off 140 workers worldwide as it integrates Canadian medical device company Ultrasonix Medical and shutters plants in Colorado and Vancouver.
Medical device giant Medtronic plans to cut 230 positions from its spinal business, affecting about 4% of the division's total workforce.
MASSDEVICE ON CALL — Medical device industry titan Medtronic (NYSE:MDT) is going to lay off about 4% of its spinal business workforce, corresponding with prior reports of coming cuts for that division.
An anonymous source tells Bloomberg Businessweek that Abbott pharmaceutical spin-off AbbVie will fire its cardiology drugs salesforce amid growing competition from generics.
Medtronic confirms with MassDevice.com today that the company is expecting layoffs as a result of restructuring planned for its spinal devices business.
Medical device company Medtronic (NYSE:MDT) confirmed today that there are layoffs ahead for its spinal business, affecting an undisclosed number of workers at various locations.