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Layoffs: Hologic Confirms Cuts Following $3.7B Gen-Probe Merger

Thu, 08/02/2012 - 4:01pm
Mass Device
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Hologic (NSDQ:HOLX) confirmed this week that the $3.7 billion merger with molecular diagnostics giant Gen-Probe (NSDQ:GPRO) would indeed result in cuts of about 130 employees.

The layoffs will come as Hologic closes a Wisconsin manufacturing plant over the course of the next few years, the medical device company told state officials.

Hologic last month warned employees that it may close the plant following the acquisition, advising that the layoffs would "likely" take place within 18 month after the consummation of the merger.

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