Covidien will shut down its medical instruments manufacturing facility in Argyle, N.Y., and lay off 200 employees within the next 12 to 18 months. The Company says that work will be shifted to an existing plant in Mexico and a plant being built in Costa Rica.
Covidien is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. The Company operates its businesses through three segments: Medical Devices, Pharmaceuticals and Medical Supplies.
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