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Siemens misses profit expectations, cuts more jobs

May 7, 2015 by MassDevice

Siemens misses the mark with its fiscal 2nd-quarter results and says it will slash another 4,500 jobs from its global workforce.

Siemens misses profit expectations, cuts more jobs

Report: Actavis to lay off 577 at Allergan

April 17, 2015 by Brad Perriello

Actavis, the new owner of Allergan, reportedly plans to lay off 577 workers in Irvine, Calif.

Report: Actavis to lay off 577 at Allergan

Tecomet to shutter Symmetry Medical plants, laying off 319 workers

April 2, 2015 by Brad Perriello

Tecomet plans to shutter plants in Massachusetts and Indiana that it acquired along with Symmetry Medical's OEM business last year, meaning layoffs for 319 workers.

Tecomet to shutter Symmetry Medical plants, laying off 319 workers

Cardica lays of 24% of workforce

March 27, 2015 by Brad Perriello

Cardica says it will lay off about 24% of its workforce in a bid to conserve cash as it tries to get its MicroCutter Xchange 30 surgical stapler on the U.S. market.

Cardica lays of 24% of workforce

Cardica (NSDQ:CRDC) this week said it's laying off nearly quarter of its workforce in a bid to conserve cash as it tries to get its MicroCutter Xchange 30 surgical stapler off the ground.

Surgical Specialties to shutter Pennsylvania plant

March 24, 2015 by Brad Perriello

Surgical Specialties plans to shutter a plant in Reading, Pa., meaning layoffs for about 254 workers.

Surgical Specialties to shutter Pennsylvania plant

Surgical instruments maker Surgical Specialties is planning to permanently shutter a plant in its hometown of Reading, Pa., this spring, meaning layoffs for roughly 254 workers.

MRI Interventions to shutter Memphis plant

March 20, 2015 by Brad Perriello

MRI Interventions says it plans to shutter its Memphis operation, laying off all workers there, as it consolidates in California; appoints ex-Pro-Dex honcho Harold Hurwitz as its new CFO.

MRI Interventions to shutter Memphis plant

MRI Interventions (OTC:MRIC) said it plans to shutter its plant in Memphis in May and lay off all the workers there as the consolidates in Irvine, Calif.

Sonova to move Swiss jobs and freeze pay to counter franc's surge

March 2, 2015 by MassDevice

Sonova Holding plans to move jobs out of Switzerland and freeze salaries there to cope with an unexpected surge in the value of the franc.

Sonova to move Swiss jobs and freeze pay to counter franc's surge