Posted on 11/26/2012 2:06:27 PM PST by 2ndDivisionVet
The C.R. Bard plant in Queensbury is laying off 54 full-time employees, citing lower-than-projected sales.
Employees were notified of the layoffs Monday, and the actual reductions will take place over the next few weeks.
The layoffs announced Monday are on top of 55 layoffs at the medical device manufacturing plant in July, said Scott Lowry, C.R. Bard vice president and treasurer.
“It’s a challenging health-care environment for a lot of reasons,” Lowry said. “We’re right-sizing to meet those changes. We’re not seeing the volumes we had in the past, the volumes we were expecting.”
No additional layoffs are planned for the plant currently, and Lowry said there weren’t layoffs at any of the company’s other facilities on Monday, but that’s something company officials continue to look at.
Despite the recent downsizing, Lowry emphasized that the company remains committed to the Queensbury plant, and there weren’t any long-term implications about the future of the plant.
“It’s a key plant for us, but a lot depends on needs,” Lowry said. “We view it as a key facility for Bard. This was mostly a tactical reaction.”
The laid-off employees were offered severance packages, Lowry said.
The company last month reported a third-quarter earnings drop. The company’s net income was $129.3 million, a 1 percent decrease from the third quarter in 2011.
The company announced in July it would lay off 55 employees from the Queensbury plant, with the cuts phased over a two-week period. That round of layoffs was attributed to a planned realignment that relocated a product line to another location and brought the plant’s workforce to about 750 employees, company officials said in July...
(Excerpt) Read more at poststar.com ...
Obamaland
Do they make anything like a Twinkie?
Do they make anything like a Twinkie?
No, just life-saving medical devices. Go back to sleep.
What a nice Job recovery we have!!!
Yeah, life-saving medical devices that will now become more expensive because they're taxed to pay for "improving" health care. Virtually no one sees the bald-faced fraud in that.
They make some really good urinary catheters for your twinkie.
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