Smith & Nephew is consolidating its wound management operation in Ft. Worth, Texas, and shuttering its operation in St. Petersburg, Fla., over the next year, according to the reports.
"The decision to close St. Petersburg was a difficult one," Smith & Nephew said in a statement, according to news reports. "However, we believe Smith & Nephew’s Advanced Wound Management business in the US will be more successful operating from a single location."
The layoffs are slated to begin Jan. 9 and proceed through Dec. 31, 2015, according to 1 report.
The British healthcare giant last month reported profits of $102 million, or 11.4¢ per share, on sales of $1.15 billion for the 3 months ended Sept. 27, for a bottom-line slide of -16.4% on sales growth of 11.8%.
Sales for its advanced wound management division were down 1% on a constant-currency basis, fueled by an 8% decline in the U.S. on the recall of its Renasys negative pressure wound therapy device that offset 19% growth in emerging markets.