Boston Scientific to cut up to 1,500 jobs

The Associated Press ^ | 10/24/2013 07:43:50 AM CDT | The Associated Press

[jurroppi1]

NATICK, Mass.

[jurroppi1]

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.

[FatherofFive]

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

[rlmorel]

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

[Don Corleone]

. Just another piece in the “Destroy Healthcare as We Know It” agenda.

Destroy AMERICA as we know it agenda.

[grania]

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?

[petenmi]

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.

[trussell]

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

[Kartographer]

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

[jurroppi1]

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

[rlmorel]

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?

[factoryrat]

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.

[DManA]

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.

[Jane Long]

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.

[SunkenCiv]

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

[jurroppi1]

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.

[jurroppi1]

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?

[trisham]

What a shame.

[Sidebar Moderator]

No biggie.