Tuesday, July 19, 2011

Covidien to Close NY Facility and Lay Off 200

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.

Information is provided by the Plant Prospector. For more information on the product, follow this link The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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