Boston Scientific €30m unit to secure future of 600 jobs

BOSTON Scientific is to seek planning permission for a €30 million development in Cork designed to secure the future of 600 jobs in the city.

The 100,000sq ft unit will be developed by Boston on their Model Farm Road campus but will be operated by Stryker — who earlier this year purchased Boston’s neurovascular unit for €1.45 billion.

The 600 Boston Scientific workers employed in the Cork unit will transfer to Stryker and relocate production to the new clean room production facility when it is completed.

Boston Scientific will begin consultations with the local community next week on the €30m development which is expected to result in close to 200 jobs on and off-site in the construction phase.

Boston Scientific has lined-up two separate businesses, in start-up mode, from within their portfolio to fill the space that will become vacant when production is transferred on completion of the new facility.

These incubation units, may in time, result in extra job creation.

Retaining the neurovascular unit following the Stryker deal is regarded as a major plus for Cork and the investment in a new production unit is regarded as statement of the company’s long term commitment to the region.