Boston Scientific (BSX)

Pharmaceutical-Jobs.net is reporting that Boston Scientific has come up with a series of restructuring initiatives. The company is reducing non-sales related expenses and headcount to adjust its expense base for the changing market dynamics across some of its businesses as well as increased government regulation. Boston Scientific is planning to eliminate approximately 1000 to 1300 medical device jobs worldwide through its restructuring initiatives excluding any potential divestitures. This gross head count reduction is 8-10% from company's non direct labour base.
The reduction activities will be initiated this month and are expected to be completed over the next 18 to 24 months.

Feb 18 · 12:07:00 PM · Source: Pharmaceutical-Jobs.net
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by Rich Pike