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 […]
Boston Scientific: Headcount ‘relatively unchanged’ in restructuring, but some layoffs ahead
Boston Scientific (NYSE:BSX) said yesterday that the next stage in the turnaround engineered by chairman & CEO Mike Mahoney will involve an unspecified number of layoffs, although its overall headcount will likely remain “relatively unchanged.” The reorganization aims to cut pre-tax expenses by $115 million to $150 million by the end of 2020, Marlborough, Mass.-based Boston […]
Layoffs ahead as Haemonetics restructures, names new CEO
Haemonetics (NYSE:HAE) said yesterday that it plans to take a pre-tax charge of $26 million, including $17 million worth of “termination benefits,” as part of another round of layoffs aimed at boosting profitability and growth. The Braintree, Mass.-based blood management company also said it named Chris Simon to be its new CEO, replacing interim chief Ron […]
Layoffs for Baxter, Greatbatch’s Lake Region Medical in Colorado
Baxter (NYSE:BAX) and Greatbatch (NYSE:GB) subsidiary Lake Region Medical are laying off workers in Colorado, according to a Worker Adjustment and Retraining Notification Act notice. Baxter, which is planning to shutter a plant in Englewood, Colo., over the next year, will cut 106 jobs as a result, according to the April 5 WARN notice. Last October, Deerfield, Ill.-based Baxter said it planned to […]
Report: Baxter to shutter Colorado plant
Baxter (NYSE:BAX) is reportedly planning to shutter a plant in Englewood, Colo., over the next year. “Baxter has informed employees in its [Douglas County] … facility of the company’s plans to exit the facility over the next 12 months to enable effective deployment of the company’s product portfolio in order to best meet the needs of […]
Cardiovascular Systems to lay off 8%, reports preliminary Q3 sales beat
Cardiovascular Systems (NSDQ:CSII) said yesterday that it’s planning to lay of 8% of its workforce even as it reported preliminary fiscal 3rd-quarter sales numbers that beat both its own forecast and the consensus expectation on Wall Street. The company said it expects to post sales of $43.5 million to $44 million for the 3 months ended yesterday, roughly […]
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