Devices & Diagnostics, MedCity Influencers

More medical device job cuts planned for Boston Scientific

Boston Scientific Corp. (NYSE:BSX) warned that 167 jobs may be cut from its Miami, Fla., […]

Boston Scientific Corp. (NYSE:BSX) warned that 167 jobs may be cut from its Miami, Fla., facility between Sept. 20 and Oct. 7 this year, according to a filing with the Worker Adjustment & Retraining Notification department of the Florida Agency for Workforce Innovation on Friday.

The Natick, Mass.-based medical device giant, which ranked 10th on the MassDevice Big 100 list of the world’s largest medical device companies, has been on an austerity kick for the past two years since J. Raymond Elliott took over as CEO for James Tobin in the summer of 2009. The company announced in early 2010 that it would be cutting 1,300 jobs as part of a global restructuring plan, to “further rationalize and refocus its business portfolio.”

In March rumors spread that cuts were in store for jobs in BSX’s cardiology, rhythm and vascular unit, its biggest business sector. In June the company shed 160 jobs in its Arden Hills, Minn. pacemaker and implantable cardiac defibrillator manufacturing facility, and earlier this month BSX announced that it would hire 250 new employees for its manufacturing operation in Latin America.

The decision to cut jobs “was made as part of our previously announced strategy to reduce complexity and improve efficiencies across our global manufacturing network,” company spokesman Erik Kopp told the South Florida Business Journal. “We deeply regret the impact this decision will have on our Miami employees, and have a plan in place that will provide severance pay, outplacement services and other resources for eligible employees to assist in the transition.”


MassDevice Staff

The Massachusetts Medical Devices Journal is the online journal of the medical devices industry in the Commonwealth and New England, providing day-to-day coverage of the devices that save lives, the people behind them, and the burgeoning trends and developments within the industry.

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