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
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 […]
Medtronic to shift product lines from Colorado plant
Medtronic (NYSE:MDT) is planning to move a pair of product lines from a plant in Colorado to other facilities, a spokesman told MassDevice.com today. Fridley, Minn.-based Medtronic acquired the lines when it paid $50 billion for Covidien in January 2015. Spokesman John Jordan told us that the plant in Boulder, Colo., makes surgical energy return pads and electro-surgical pencils. […]
More layoffs ahead for Teleflex
Teleflex (NYSE:TFX) said today that it plans to lay off workers and consolidate operations as it looks to save $12 million to $16 million a year, nearly 2 years after announcing a similar plan to cut costs. Wayne, Pa.-based Teleflex said it hopes the plan, slated to begin during the 2nd quarter, will begin delivering savings […]
Dehaier restructures to focus on wearables
China’s Dehaier Medical Systems (NSDQ:DHRM) said today that it plans to ditch its unprofitable medical device businesses so it can focus on its wearable sleep respiratory business. Dehaier said it plans to form a new subsidiary called Connection Wearable Health Technology by the end of this month, aiming to focus on “wearable sleep respiratory and mobile […]
Layoffs ahead for ALR Technologies
ALR Technologies (OTC:ALRT) said last week that it’s reaching the limit on a line of credit it has with chairman & CEO Sidney Chan and plans to cut its U.S. sales & marketing program as a result. Richmond, Va.-based ALR, which makes a remote monitoring system for diabetes called Health-e-Connect, also said it plans to cut back on […]
J&J to cut up to 3000 jobs from medical device biz
Johnson & Johnson (NYSE:JNJ) said today that it plans to cut as many as 3,000 jobs from its medical device business, the world’s largest medtech operation. New Brunswick, N.J.-based J&J said the restructuring of its medical device segment means layoffs for about 2.5% of its 270,000 workforce, or 4% to 6% of its 60,000-worker medtech headcount. The […]
Bard to shutter ex-Rochester Medical plants in Minnesota, laying off 185
C.R. Bard (NYSE:BCR) reportedly plans to shutter a trio of Bard Medical plants in Minnesota by the end of the year, meaning layoffs for the 185 workers employed there. “We understand that our employees are directly impacted by this decision. We are committed to treating them fairly and will respect, and we will support them […]
Perseon slashes workforce after $11m merger fails
Perseon Medical (NSDQ:PRSN) said yesterday that it laid off a “substantial” number of employees as it looks to stay afloat after the failure last month of an $11 million merger with Galil Medical. Salt Lake City-based Perseon, formerly known as BSD Medical, makes the MicroThermX microwave ablation device. The Galil merger, announced in October, foundered after not enough stockowners tendered […]