Smith & Nephew blames device tax for new layoffs
February 1, 2013 by MassDevice staff
Orthopedic devices maker Smith & Nephew plans to cut 100 employees in order to offset the cost of the medical device tax that took effect this year.
Orthopedic giant Smith & Nephew (FTSE:SN, NYSE:SNN) this week announced that it would lay around 100 employees in order to offset part of the burden of the medical device tax.
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