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Layoffs

Medtronic to shift product lines from Colorado plant

March 22, 2016 By Brad Perriello

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. […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Surgical, Wall Street Beat Tagged With: Covidien, Layoffs, Medtronic

More layoffs ahead for Teleflex

February 25, 2016 By Brad Perriello

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 […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: Layoffs, Teleflex

Dehaier restructures to focus on wearables

February 5, 2016 By Brad Perriello

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 […]

Filed Under: Digital Health, Respiratory, Resuscitation Tagged With: Dehaier Medical Systems Ltd., Layoffs

Layoffs ahead for ALR Technologies

January 19, 2016 By Brad Perriello

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 […]

Filed Under: Diabetes, Patient Monitoring, Wall Street Beat Tagged With: ALR Technologies Inc., Layoffs

J&J to cut up to 3000 jobs from medical device biz

January 19, 2016 By Brad Perriello

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 […]

Filed Under: Wall Street Beat Tagged With: Johnson and Johnson, Layoffs

Bard to shutter ex-Rochester Medical plants in Minnesota, laying off 185

January 8, 2016 By Brad Perriello

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 […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: Layoffs

Perseon slashes workforce after $11m merger fails

January 5, 2016 By Brad Perriello

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 […]

Filed Under: Funding Roundup, Mergers & Acquisitions, Oncology, Radiosurgery/Radiation therapy Tagged With: Layoffs, Perseon

ICU Medical to shutter Slovakia plant, lay off 265

November 18, 2015 By Brad Perriello

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 […]

Filed Under: Hospital Care, Wall Street Beat Tagged With: ICU Medical Inc., Layoffs

Layoffs: Medical device makers cut nearly 1200 jobs in California

October 15, 2015 By Brad Perriello

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 […]

Filed Under: Business/Financial News Tagged With: Abbott, Alphatec, becton dickinson, Boston Scientific, CareFusion Corp., Layoffs, Medtronic, Personnel Moves, Zimmer Biomet

Report: Siemens to cut fewer German jobs than planned

September 22, 2015 By MassDevice

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 […]

Filed Under: Wall Street Beat Tagged With: Layoffs, Siemens

More layoffs ahead as Analogic shifts some production to China

September 17, 2015 By Brad Perriello

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 […]

Filed Under: Imaging, MassDevice Earnings Roundup Tagged With: Analogic, Layoffs

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