Buyout to help safeguard Boston Scientific jobs

THE US-owned healthcare company Stryker is to take over part of Boston Scientific’s operations in Cork.

Styker, who already operate plants in Carrigtwohill, announced yesterday that the move was part of a €1.08 billion buyout of Boston Scientific’s European neurovascular division, which produces products for the minimally invasive treatment for haemorrhages and strokes.

The news of the buyout was welcomed by Minister for Enterprise, Trade and Innovation, Batt O’Keeffe, who said it would secure jobs in Boston Scientific’s Cork plant.

“The move means that two global medical technology firms are consolidating in Cork with no reduction in staff numbers.

“Boston Scientific is committed to the Cork operation and Cork will form part of the firm’s future growth and investment plans,” Mr O’Keeffe said.

He added that Stryker will put some of its international business into the Boston Scientific plant, thus safeguarding jobs and underpinning the local economy.

“This is a win-win for all parties and a new chapter for the medical technology sector in Cork,” Minister O’Keeffe said.

He is currently in the US west coast region for a series of top-level meetings with leading multinational firms in an effort to draw fresh investments to Ireland.


Hannah Stephenson has advice on how to care for your garden when wet weather strikesHow to prevent and deal with waterlogging in the garden

If you're down in the epidermal dumps, exfoliation, hydration and decongesting is what you need.The Skin Nerd: How to prep and pep that played-out January skin

The Winter Show, which gets underway in New York this Friday, is a celebration of world cultures, from antiquity to the present.Time travellers are packing their suitcases for New York this week

“Finish him!” It’s one of the most famous lines in video games – in fact, they pretty much built the entire series around it. Mortal Kombat is notorious for brutal finishing moves, in which the characters kill off their opponents in horrific (and often humourous) fashion.Game Tech: Mortal line lives on in the cinema

More From The Irish Examiner