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Guidant Office Sees Layoffs from Boston Scientific

Staff Writer

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Posted by Staff WriterJanuary 10, 2007 12:49 PM

Tags: Guidant - Medtronic

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Boston Scientific has announced it will cut up to 600 jobs, or about 2% of the company's entire workforce. Most of the jobs will be eliminated at the Minnesota office the company acquired when it bought Guidant Corporation last spring.

Natick-based Boston Scientific has sought to restore confidence in Guidant's defibrillator and pacemaker business after a string of recalls and safety warnings starting in 2005 resulting from device malfunctions.
Boston Scientific said the staff cuts would eliminate some research and development projects to focus on initiatives with the greatest potential.

Boston Scientific has said it has seen a recent increase in sales of cardiac devices such as defibrillators.

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