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Price pressure costs jobs at Terumo in Belgium

This article was originally published in Clinica

Executive Summary

About 78 out of 583 jobs could be cut at Terumo Europe's headquarters in Haasrode, Belgium, if a management plan is approved by the employees' Works Council. The plan affecting the production site reflects Terumo's desire to focus its hospital and laboratory business in more profitable market segments in the face of price pressure caused by hospital buying policies and increasing competition.

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