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. […]
Layoffs
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 […]
ICU Medical to shutter Slovakia plant, lay off 265
ICU Medical (NSDQ:ICUI) said today that it’s planning to shutter a plant in Vrable, Slovakia, where it employs 265 workers, and transfer its operations to another facility in Mexico. San Clemente, Calif.-based ICU said it expects to closure to be complete during the 3rd quarter of 2016, with the Slovakian production transferred to Ensenada, Mexico. ICU Medical […]
Layoffs: Medical device makers cut nearly 1200 jobs in California
Medical device companies have enacted layoffs for nearly 1,200 workers in California since the beginning of July, according to the Golden State’s Employment Development Dept., including some of the biggest names in medtech: Alphatec Spine (NSDQ:ATEC) laid off 99 employees at a facility in Carlsbad in early July. Boston Scientific (NYSE:BSX) cut 284 positions in Fremont and another 171 […]
Report: Siemens to cut fewer German jobs than planned
Reuters — Siemens (NYSE:SI) will cut “noticeably” fewer jobs in Germany than planned as orders have improved and compromises were reached in labor talks, Handelsblatt reported, citing sources close to the negotiations. Compromise had become possible at some of the German industrial company’s sites that reached internal cost targets, the newspaper said, citing industry sources, in […]
More layoffs ahead as Analogic shifts some production to China
Analogic (NSDQ:ALOG) yesterday said it plans to lay off about 90 workers at a plant in its Peabody, Mass., base as it shifts production to Shanghai. The move is aimed at aligning “research and development investment with expected customer funding” in Analogic’s security & detection business and a voluntary retirement program, the company said. “As we […]
