Boston Scientific (NYSE:BSX) has reportedly confirmed job losses at its Galway, Ireland, location, following the retirement of the Lotus Edge.
Galway Bay FM reported today that the Marlborough, Mass.-based company confirmed the job losses at its Ireland location, adding that Boston Scientific confirmed the job loss will affect fewer than 30 employees. The report said that the Galway base has nearly 4,000 employees.
Last week, the company confirmed that it is permanently laying off 106 workers at its Maple Grove, Minn. location, having notified the state of Minnesota via a WARN letter, as is required by law.
Boston Scientific’s layoffs are a result of the voluntary recall and retirement of its Lotus Edge transcatheter aortic valve repair (TAVR) system announced on Nov. 17. The recall of all unused inventory of the Lotus Edge system is due to complexities related to the product delivery system and solely that — as the valve has achieved positive and clinically effective performance post-implant.
Because of the additional time and investment required to develop and reintroduce an enhanced delivery system, Boston Scientific officials decided to retire the Lotus product platform immediately, ceasing all related commercial, clinical, research & development and manufacturing activities.
