Stryker’s profits increase to €124m after Cork job cuts

THE US medical devices company that announced 142 job cuts in Cork earlier this year increased its pre-tax profits to €124.2 million last year, figures show.

In May of this year, Stryker confirmed the job losses after announcing that it was consolidating its medical instruments and orthopaedic plants, which are located at the IDA Industrial Estate at Carrigtwohill into one plant as part of a restructuring programme. Now, accounts just filed with the Companies Office show that Stryker Ireland’s revenues increased by 1% from €347.8m to €351.7m in the 12 months to the end of December last.

The increase in revenues led to the company increasing pre-tax profits from €122.1m in 2009 to €124.2m last year.