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 to $1 million in new equipment and was looking to hire three more staff.
Enztec general manager Stephen O'Neill said the layoffs were due to Enztec's parent holding company and sole shareholder, United States-based Orthopaedic Synergy Inc (OSI), experiencing "funding difficul...


Your friends are reading OrthoStreams daily - Are you ?

 

Unlock your access to full rich article, trends, hot startups, market reports and your daily newsletter.

Just $1/day.