BRIEF-Getinge to consolidate production, cuts 150 jobs

STOCKHOLM, March 5 Tue Mar 5, 2013 5:04am EST

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STOCKHOLM, March 5 (Reuters) - Getinge AB : * Strengthens competitiveness through concentration of production units and

establishes global innovation center * Says Extended Care business area intends to relocate the manufacturing of its bath and hygiene products from Eslov, Sweden, to the production facility in Poznan, Poland, and to a third party * Says about 150 employees in Eslov and at Meditechnik are expected to be made

redundant * Says discontinuation is scheduled to commence in mid-2013 and is expected to

be completed during the second half of 2014 * Says establishing a global innovation center in Malmo, Sweden, employing about 65 individuals


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.