Smith & Nephew Inc. Shifts Jobs To China To Conserve Cash

Smith & Nephew may be axing jobs but others are hiring too! Check it out! (Isn't it tempting?)

U.K. medtech giant Smith & Nephew (FTSE:SN, NYSE:SNN) is looking to outsource some of its local manufacturing positions to a site in China in order to save some cash.

The company may shift as many as 140 positions as it attempts to "secure the long-term sustainability of both our plants in the U.K. and China," according to a report. Smith & Nephew announced the coming cuts last night at a special meeting with employees, the Hull Daily Mail reported.

Hey, check out all the research scientist jobs. Post your resume today!
MORE ON THIS TOPIC