AOL yesterday and today this - these are HUGE job losses. 13 per cent of the workforce :eek:
" Boston Scientific said yesterday that it would lay off 2,300 employees, or 13 percent of its work *****, by the end of 2008.
The announcement supplied Wall Street with the biggest missing piece in Boston Scientific’s strategy for meeting promises to cut expenses and increase profits. Wall Street has been concerned about Boston Scientific’s ability to handle the heavy debt it took on last year in the $27 billion acquisition of Guidant."
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" Boston Scientific said yesterday that it would lay off 2,300 employees, or 13 percent of its work *****, by the end of 2008.
The announcement supplied Wall Street with the biggest missing piece in Boston Scientific’s strategy for meeting promises to cut expenses and increase profits. Wall Street has been concerned about Boston Scientific’s ability to handle the heavy debt it took on last year in the $27 billion acquisition of Guidant."
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