Boston Scientific Corporation (BSX) Cut 160 Jobs in Minnesota Cardiology Unit
6/28/2011 9:30:09 AM
Boston Scientific Corp. (NYSE:BSX) cut about 160 workers in its Arden Hill, Minn., facility, according to a press report. The facility makes pacemakers and implantable cardiac defibrillators, which run through the company's Cardiac Rhythm Management business unit. News of the cuts were reported by the Pioneer Press newspaper, which based its report on a notice from the the Minnesota Department of Employment and Economic Development. Rumors of job cuts at BSX's Arden Hills facility have been rampant since February, when chief medical officer Keith Dawkins told Boston Scientific employees that the job cuts were necessary for the firm to remain competitive, according to a report from Reuters News Service.