Hologic ’ s Cynosure to close NY-based plant, layoff 30

Hologic (NSDQ:HOLX) subsidiary Cynosure is looking to lay off 30 workers at its Hicksville, N.Y.-based facilities, according to a newly released Worker Adjustment and Retraining Notification act posting. The layoffs come as a result of the company closing its plant, which produced “irradiation apparatus” devices, according to the notice. Hologic will move the production jobs to Massachusetts and Costa Rica, according to a report from Newsday. Departing employees were offered severance pay and outplacement benefits, according to the report. The layoffs are slated to begin on December 14, and will proceed through to two-weeks past January 4, according to the WARN notice. The Hicksville, N.Y. location originally came under Cynosure ownership after it purchased Ellman International for $13.2 million in 2014, according to the Newsday report. Hologic closed its $1.65 billion acquisition of Cynosure and its portfolio of medical aesthetic products and devices in March, 2017 The post Hologic’s Cynosure to close NY-based plant, layoff 30 appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Cynosure Inc. Hologic Source Type: news