The healthcare business at Royal Philips (NYSE:PHG) said last week that it plans to shutter manufacturing operations at a Cleveland plant that makes computed tomography scanners as part of a $600 million R&D initiative. The Dutch healthcare giant said Feb. 9 that it also plans to invest in a service training program in Cleveland. Manufacturing […]
Another round of layoffs ahead for Invacare
Invacare (NYSE:IVC) said yesterday that it plans to lay off about 2.4% of its workforce, with all of the cuts coming in North America. The Elyria, Ohio-based company said it plans to pare 110 positions, aiming to create $8.5 million in annual pre-tax savings as part of a “strategic transformation.” Invacare reported 4,600 employees worldwide as of […]
Medtronic, Halyard Health’s Corpak to lay off 266 in Illinois
Medtronic (NYSE:MDT) and Halyard Health (NYSE:HYH) subsidiary Corpak MedSystems are planning to lay off a collective 266 workers in Illinois as they each close a plant there. Fridley, Minn.-based Medtronic told the Illinois Commerce Dept. that it’s shuttering a distribution facility in Joliet, meaning job cuts for the 185 workers employed there. The layoffs are slated to begin Sept. […]
Report: Medtronic misses Memphis jobs target despite tax break pledge
Medtronic (NYSE:MDT) has reportedly increased its workforce at its spine business in Memphis by only 14.3%, despite pledging 11 years ago to a 49% increase to win $20 million in local tax breaks, but far exceeded investment and wage commitments. Back in 2006, Fridley, Minn.-based Medtronic promised to boost its local employment from 1,225 workers […]
Report: Layoffs ahead for Medtronic Spine in Memphis
Medtronic (NYSE:MDT) is reportedly planning an unspecified number of layoffs among the 1,300 workers it employs at its Medtronic Spine operation in Memphis. “Medtronic operates in a highly competitive environment, and transformation is an inherent part of our business. We continually adjust as necessary to deliver operational and functional excellence, drive growth, and strengthen our […]
Avinger to lay off a third of workforce
Avinger (NSDQ:AVGR) said yesterday that it plans to lay off a third of its workforce and examine its “strategic alternatives” as it focuses on its Pantheris peripheral artery device. The layoffs, affecting 131 workers, are slated to be complete this week, the Redwood City, Calif.-based company said, including cutting its field sales force by nearly half, from […]
Report: Stryker Instruments lays off 50 in Michigan
A Stryker (NYSE:SYK) division in its home base of Kalamazoo, Mich., reportedly laid off about 50 workers, even as it’s planning a major expansion at another facility nearby. Stryker Instruments, which last month won a tax break from Portage, Mich., for a $154 million, 485,000-square-foot R&D facility there, confirmed the layoffs in Kalamazoo last week to a […]
Exactech deals spine biz to ChoiceSpine
Exactech (NSDQ:EXAC) said it sold off its spine business yesterday to ChoiceSpine for an undisclosed amount and plans to restructure its biologics business. “For nearly a decade, Exactech has driven innovations in spinal surgery and we are pleased to have made meaningful contributions to patient care. We are confident the transfer of these products to ChoiceSpine will […]
CareFusion lays off 128 in California
Becton Dickinson (NYSE:BDX) subsidiary CareFusion is laying off workers in California, according to a Worker Adjustment & Retraining Notification Act notice. CareFusion, which this month landed a $100 million contract with the U.S. Defense Dept. to develop an automated drug dispensing system, will cut 128 jobs in San Diego, according to the October notice. Earlier this year, the FDA issued […]
Alphatec lays off 20%, CFO O’Neill resigns
Alphatec (NSDQ:ATEC) said this week that it laid of 20% of its workforce and announced the resignation of its CFO & treasurer, Michael O’Neill, effective Oct. 5. The Carlsbad, Calif.-based company reported 430 employees as of Dec. 31, 2015, which would mean job cuts for about 86 workers. Alphatec said it’s making the move as part of its plan […]
William Demant moves hearing aid production from U.S., Denmark to Poland, Mexico
William Demant (CPH:WDH) plans to shift production from the U.S. and Denmark to Poland and Mexico to cut costs by around $30 million (DKK200 million) a year, the Danish hearing aid maker said today. A plant in Eagan, Minn., has already closed and operations in Thisted, Denmark, are slated to be moved to Poland before the end of 2018, meaning job cuts for […]
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