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Market Movers

Boston Scientific unveils more job cuts

Boston Scientific has about 2,000 Bay State employees.

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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.

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