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Boston Scientific Corp Says To Cut Up To 1,500 Jobs-Reuters

Wednesday, 23 Oct 2013 05:40pm EDT 

Reuters reported that Boston Scientific Corp plans to cut up to 1,500 jobs in its latest restructuring effort that aims to save $150 million to $200 million in operating expenses by the end of 2015. The Company said it will reduce its workforce, currently around 24,000 worldwide, by 1,100 to 1,500 positions through attrition and targeted job cuts. Boston Scientific said the restructuring program will result in pre-tax charges of about $175 million to $225 million. It expects to take a restructuring charge of about $30 million in the current quarter.