Haemonetics Corporation (HAE) to Close Braintree Plant, Move Work to Mexico, 320 Job Cuts
5/3/2013 9:02:25 AM
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Blood management systems provider Haemonetics (Nasdaq:HAE) said it will close its Braintree plant and move manufacturing of disposable products to its facility in Mexico. The Braintree, Mass.-based company said in its earnings report Wednesday that it is in the process of transitioning its manufacturing of equipment to a contract manufacturer and transferring manufacturing of its disposable products from Braintree to Tijuana, Mexico. The move, which will take place over the next 12 to 18 months, will mean 320 job cuts, Haemonetics Vice President of Investor Relations Gerry Gould told Mass High Tech.
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