Alaris plans $6 million cost cuts by 2002:
This article was originally published in Clinica
Alaris Medical, a US intravenous infusion therapy system manufacturer, will save $6 million annually by 2002 following restructuring of manufacturing, affecting two factories in the US and one in the UK. Manual assembly operations, notably from its plant in Creedmoor, North Carolina, will be moved to Tijuana, Mexico. The company will take a $6.5 million charge across the third and fourth quarters, with the cuts offering a $1.5 million net saving this year, $5 million next and $6 million thereafter. Sales from the San Diego, California company slipped from $93 million to $91 million in the first quarter, while net losses rose from $725,000 to $5 million compared to the same period in 1999.