1st Battle in the Coming Generic Implant Wars – Synthes Is Trying to Shut Down Emerge Medicals Generic Trauma Implant Business

Former Synthes sales rep counter-sues in generic ortho devices battle (Mass Device) Former Synthes sales rep turned Emerge Medical CEO John Marotta filed a countersuit against the med-tech giant’s claims that Marotta and others violated their non-compete agreements in selling cheaper “generic” versions of orthopedic screws and drill bits. Former Synthes Inc. sales rep John Marotta fought back [...]

Orthopedic Developer, Enztec, Lays Off 50% of Staff in New Zealand

Fifty per cent of Enztec staff get the boot (Stuff.co.nz) Funding difficulties for its United States parent has forced Christchurch medical device manufacturer Enztec to lay off nearly half its staff at its Sockburn site. In April last year, Enztec had about 44 staff and said it was on a growth path. It had invested close [...]

Zimmer to Cut Jobs in Anticipation of the New 2.3% Med Device Tax

Zimmer axes jobs to cut costs ahead of med-tech tax | Personnel Moves (MedCityNews)   Zimmer plans cuts and outsourcing at its Warsaw, Ind., headquarters partially to offset the impending burden of a 2.3% medical device tax. Zimmer announced layoffs at its Warsaw, Ind., headquarters, pointing to the expected burden of the medical device tax as [...]

Smith & Nephew Orthopedics Cuts 104 Employees in Memphis & Boston in Aftermath of Self Merger

  Smith & Nephew cuts include 24 in Mass. (MassDevice) Layoffs: Smith & Nephew cuts 80 in Memphis orthopedics arm (MassDevice) Smith & Nephew lays off 80 employees in Memphis (Commercial Appeal – Memphis) Smith & Nephew Inc. laid off 80 employees in Memphis Tuesday after the company combined the Memphis-based orthopaedic reconstruction division and its Andover, Mass.-based [...]

Stryker Closes 2 Plants in New York, Cutting 160 Jobs

     Gaymar set to close, cutting 160 jobs (BuffaloNews.com) Maker of medical devices, founded in 1956, will shutter Orchard Park and West Seneca operations after buyout by Stryker Corp. last year Gaymar Industries’ Orchard Park and West Seneca operations will close by the end of next year, eliminating 160 jobs, victims of cost-cutting measures by [...]

Stryker Layoffs Strike Chords of Political and Economic Concerns in Michigan

    Stryker Corp. layoff plans strike chords of political and economic concern (Kalamazoo Gazette) KALAMAZOO — Stryker Corp.‘s plans to layoff about 5 percent of its worldwide staff to cut costs — a move announced by the medical products company last Thursday — have some worried about the spin-off effect it may have in the community. It [...]

Stryker Plans to Lay Off 5% of Its Workforce Ahead of the Med-Tech Tax

         Stryker plans to lay off 5% of its workforce ahead of the med-tech tax Stryker Corp. announces plans to lay off 5 percent of its workforce, reducing operating cost by more than $100 million before the 2.3 percent med-tech levy takes effect in 2013 Stryker Corp. (NYSE:SYK) officials said the company [...]

Wright Medical Restructures and Announces DOJ Monitoring Extension

    Wright Medical Group, Inc. Reaches Agreements with U.S. Attorney’s Office and OIG (EON) Wright Medical Group plans to cut 80 workers (Huffington Post) 6% of workforce cut across all functions (30-40 in Memphis, 60-70 in ROW) European operations are scaled back to basic sales and distribution Restructuring will cost $25M – $30M DOJ monitoring will [...]

Biomet Confirms Layoffs in U.S., Europe

          Biomet confirms layoffs in U.S., Europe (written by Sherry Slater @ FortWayne.com) Biomet Inc. on Friday confirmed pending staff cuts of up to 200 jobs — 21 from U.S. operations and the rest from Europe. The orthopedics industry giant is reorganizing its global reconstructive business in a bid to boost growth [...]

Medtronic Sofamor Danek to Cut 82 Memphis Jobs

Medtronic to Cut 82 Memphis Jobs (The Daily News)  

Stryker Cuts 142 Jobs in Ireland as a Result of Combining Plants

A setback for Medical Device Jobs in Ireland (Pharceutical Jobs) US medical device and orthopedic implant maker Stryker has decided to cut 142 jobs in Ireland. The company has chosen to consolidate its medical instruments and orthopaedic plants which are located at the IDA Industrial Estate at Carrigtwohill into one plant as part of a restructuring [...]

Zimmer Restructuring Reaches the Austin Spine and Orthobiologics Locations

Zimmer Holdings restructuring affects Austin site (Austin Business Journal) Zimmer spokesman Garry Clark would not specify how many employees were impacted in Austin by the changes, either through buy-out packages or layoffs. Zimmer (Nasdaq: ZMH) has a strong presence in the Austin market through Zimmer, Zimmer Spine and Zimmer Orthobiologics, said Susan Davenport, senior vice president of [...]

Cardo Medical, a Knee, Hip & Spine Company, Cuts Staff in Half After Failing to Find Funding

Cardo Medical, Inc. Announces Layoffs (Press Release) Cardo Medical, Inc. (OTCBB:CDOM), sells knee, hip and spine implant systems. Cardo Medical acquired the assets of Vertebron in October 2009. Cardo terminated 15 of its 30 employees in varying functions and that its CEO, Andrew Brooks, M.D. and COO, Michael Kvitnitsky have agreed to forego their salaries for [...]

May 18, 2012

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