You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Boston Scientific unveils more job cuts

Boston Scientific has about 2,000 Bay State employees.


Boston Scientific has about 2,000 Bay State employees.

Boston Scientific plans to shed up to 1,500 jobs worldwide, or 6 percent of its workforce, to cut costs. CEO Michael F. Mahoney said most of the cuts will be made at manufacturing plants around the globe. Because the Natick-based medical device company does not make any products in Massachusetts, the workforce here will be largely unscathed, he said. It posted a third-quarter loss of $5 million, or break-even per share, vs. a loss of $664 million, or 48 cents, a year ago.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of