Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Covidien to cut 200 jobs after declining sales

This article was originally published in Clinica

Executive Summary

Covidien is to cut around 30% of staff at its manufacturing plant in Tullamore, Ireland, due to falling sales and increased competition from low-cost rivals. The firm is planning to axe 160 full-time positions and 39 temporary jobs from its 650-strong workforce, according to the Irish Times. The firm said that it would be making the cuts through an early retirement and voluntary redundancies programme. Cost-cutting measures such as the loss of overtime and new shift arrangements have recently been implemented at the plant, which is part of the firm’s medical supplies division. Last month, the medical supplies business reported Q2 sales of $421m. This was a 5% decline from the same period the previous year. Covidien’s medical supplies unit sells nursing care, medical surgical and SharpSafety blood collection products. Covidien, which has its headquarters in Dublin, has two other sites in Ireland– Galway and Athlone.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT094819

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel