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Boston Scientific to cut up to 1,500 jobs
The Associated Press ^ | 10/24/2013 07:43:50 AM CDT | The Associated Press

Posted on 10/27/2013 7:33:48 AM PDT by jurroppi1

Edited on 10/27/2013 8:25:24 AM PDT by Sidebar Moderator. [history]

NATICK, Mass.—Boston Scientific Corp. plans to shed as many as 1,500 jobs worldwide, or 6 percent of its workforce, in an effort to cut costs.

The company also said Thursday that its CFO is leaving. Boston Scientific is promoting its corporate controller to replace him.


(Excerpt) Read more at twincities.com ...


TOPICS: News/Current Events; US: Massachusetts; US: Minnesota
KEYWORDS: abortion; bostonscientific; cronyselfimmolation; deathpanels; layoffs; massachusetts; minnesota; obamacare; zerocare
back a few years ago there were about 35K employees - some claimed 37.5K. At least one large layoff per year for the last several years now.
1 posted on 10/27/2013 7:33:48 AM PDT by jurroppi1
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To: jurroppi1

The medical device tax in 0bama care is a real jobs killer


2 posted on 10/27/2013 7:46:35 AM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: jurroppi1

Yep. I know this from firsthand experience. Just another piece in the “Destroy Healthcare as We Know It” agenda.


3 posted on 10/27/2013 7:49:14 AM PDT by rlmorel ("A nation, despicable by its weakness, forfeits even the privilege of being neutral." A. Hamilton)
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To: rlmorel
. Just another piece in the “Destroy Healthcare as We Know It” agenda.

Destroy AMERICA as we know it agenda.

4 posted on 10/27/2013 7:50:51 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: jurroppi1
Longterm, lack of innovation is going to be a big problem. Extra taxes, besides sending jobs overseas, will cut into research budgets. Besides that, if everything has to be government approved for the insurance to apply, care will stagnate.

I can't see how this helps democrats or republicans. Only the elite survive?

5 posted on 10/27/2013 7:54:02 AM PDT by grania
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To: rlmorel

Wonder what Boston Scientific’s position on immigration reform is? They cut all these jobs and turn around and hire a bunch of foreigners on H-1B Visas.


6 posted on 10/27/2013 7:54:32 AM PDT by petenmi
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To: jurroppi1

This is the maker of the stimulator they want to implant in my spine. Should I be worried about the quality of that device?


7 posted on 10/27/2013 7:59:34 AM PDT by trussell (I carry because...When seconds count between life and death, the police are only minutes away)
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To: jurroppi1

Just another 1500 ‘Dead beats’ who won’t work. Their will be some FReepers along shortly to explain it to you.


8 posted on 10/27/2013 8:01:05 AM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: grania

All I can say is look into the history of off-shoring jobs. The elite always survive one way or another.


9 posted on 10/27/2013 8:01:34 AM PDT by jurroppi1
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To: petenmi

Sure. While you are at it, go to war with nearly every other major company in the USA who does the EXACT SAME THING, and that included companies that DON’T have large overseas markets.

Instead of blaming that, why don’t we create a business environment where we can afford to hire people here in this country?


10 posted on 10/27/2013 8:10:57 AM PDT by rlmorel ("A nation, despicable by its weakness, forfeits even the privilege of being neutral." A. Hamilton)
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To: jurroppi1

Another pump and dump in the making. Another looting and gutting of a company justified by the perpetrators because they “couldn’t compete” in the marketplace. Somebody always walks away from these deals with a boatload of cash, and it isn’t the shareholders or employees.


11 posted on 10/27/2013 9:19:51 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: jurroppi1

Medical device industry, just about the perfect industry: high tech, high wages, products that give people better lives. Let’s tax the hell out of it.


12 posted on 10/27/2013 10:18:24 AM PDT by DManA
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To: factoryrat
Somebody always walks away from these deals with a boatload of cash, and it isn’t the shareholders or employees.

Could it be this guy? From the article...

The company also said Thursday that its CFO is leaving.

13 posted on 10/27/2013 10:27:24 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks jurroppi1.

Boston Scientific expects to add jobs in Mass.
http://www.bostonglobe.com/business/2013/10/24/boston-scientific-chief-executive-says-may-actually-add-jobs-massachusetts/sy2CwOhUBLGkmqv29Pwx0N/story.html

UPDATE 4-Boston Scientific stents lag, CFO resigns, shares fall
http://www.reuters.com/article/2013/10/24/bostonscientific-results-idUSL1N0IE0E520131024

Boston Scientific Will Cut 1,100-1,500 Jobs Through 2015
http://www.bloomberg.com/news/2013-10-23/boston-scientific-will-cut-1-100-to-1-500-jobs-by-2015.html


14 posted on 10/27/2013 1:15:18 PM PDT by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: SunkenCiv

I don’t think they added many jobs in Mass. I know they added a bunch in China and maybe a few other eastern countries. I also know of a more hush-hush layoff that occurred a few weeks ago at the Maple Grove plant (the one remaining plant that is open there), but I don’t know any numbers.


15 posted on 10/27/2013 4:08:29 PM PDT by jurroppi1
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To: Sidebar Moderator

Sorry I messed up the excerpting. For some reason I thought the posting form would take care of that if it was needed. Did I mis-source this?


16 posted on 10/27/2013 4:10:48 PM PDT by jurroppi1
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To: jurroppi1

What a shame.


17 posted on 10/27/2013 4:11:30 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: jurroppi1

No biggie.


18 posted on 10/27/2013 4:12:14 PM PDT by Sidebar Moderator
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