Abbott to cut 700 jobs in the U.S., Puerto Rico

January 25, 2012 by MassDevice staff

Abbott announces that it will cut 700 jobs in the U.S. and Puerto Rico, including about 200 in Lake County, Ill., and about 300 in Temecula, Calif.

Abbott Labs logo

Abbott (NYSE:ABT) followed up the release of its 2011 financials by announcing job losses in the U.S. and Puerto Rico.

The Chicago-area medical giant plans to lay off about 300 people from its vascular business in Temecula, Calif., and another 200 in diagnostics at its headquarters in Lake County, Ill.

The majority of the remaining cuts will affect Abbott's Puerto Rico operations, and the rest will be spread accross several other sites, company spokeswoman Adele Infante told MassDevice.

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