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
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 […]
Report: Stryker to shutter S.C. Berchtold plant
Stryker (NYSE:SYK) is reportedly planning to close a plant in Charleston, S.C., that it acquired when it bought Berchtold Holding last year. Kalamazoo, Mich.-based Stryker plans to shutter the plant by the end of the year, according to the Charleston Post and Courier. Stryker paid $172 million in April 2014 for Berchtold, which makes surgical […]
GI Dynamics slashes workforce by 46%
GI Dynamics (ASX:GID) yesterday said it will slash its workforce by 46% by the end of the year, cutting about 25 jobs, after a too-high rate of liver infections forced the halt of a U.S. clinical trial for its EndoBarrier weight loss device. The Lexington, Mass.-based firm said it was making the cuts to cover the cost of […]
Report: Smith & Nephew to shutter UK plant
Smith & Nephew (NYSE:SNN) reportedly plans to shutter a plant in York, U.K., by the end of next year, relocating 80 workers there. The British healthcare giant is building a new U.K. commercial hub near London, according to the York Press. Workers at the York facility will be moved to other Smith & Nephew operations, including the […]