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Layoffs: Covidien to shutter South Carolina plant, cutting 595 jobs

Thu, 09/13/2012 - 2:20pm
Mass Device

Covidien plans to close a South Carolina manufacturing facility, moving operations to Costa Rica and laying off nearly 600 workers.

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Covidien (NYSE:COV) will close a manufacturing facility in Seneca, S.C., and move the operation to Costa Rica, resulting in nearly 600 layoffs.

The Seneca facility manufactures vascular products for the Mansfield, Mass.-based medical device company.

A Covidien spokesman told Reuters that the cuts were a response to a "challenging healthcare environment where companies face pricing pressures and reimbursement issues."

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