Boston Scientific’s Lotus layoffs extend to Ireland

Boston Scientific (NYSE:BSX) has reportedly confirmed job losses at its Galway, Ireland, location, following the retirement of the Lotus Edge.

Galway Bay FM reported today that the Marlborough, Mass.-based company confirmed the job losses at its Ireland location, but it was unable to provide an exact number of job losses at this time. The report said that the Galway base has nearly 4,000 employees.

Yesterday, the company confirmed that it is permanently laying off 106 workers at its Maple Grove, Minn. location, having notified the state of Minnesota via a WARN letter, as is required by law.

Boston Scientific’s layoffs are a result of the voluntary recall and retirement of its Lotus Edge transcatheter aortic valve repair (TAVR) system announced on Nov. 17. The recall of all unused inventory of the Lotus Edge system is due to complexities related to the product delivery system and solely that — as the valve has achieved positive and clinically effective performance post-implant.

Because of the additional time and investment required to develop and reintroduce an enhanced delivery system, Boston Scientific officials decided to retire the Lotus product platform immediately, ceasing all related commercial, clinical, research & development and manufacturing activities.A Boston Scientific spokesperson told MassDevice yesterday with regard to the Minnesota layoffs that the company is not communicating a company-wide number at this time because it is actively seeking to reduce job loss through redeployments within the company. When a change impacts an employee, Boston Scientific has resources in place to support those in transition, the spokesperson said.

Original Article: (https://www.massdevice.com/boston-scientifics-lotus-layoffs-extend-to-ireland/)