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Medical device makers in California resilient through recession, but hiring remains sluggish

Mon, 01/07/2013 - 4:07pm
Mass Device

Employment in California's medical device industry remains relatively stable during the great recession, according to a report by California Healthcare Institute.

Layoffs illustration

Medical device makers in California shed fewer than 2% of their workforce over the last 5 years, suggesting that the industry remained relatively resilient during the great recession, according to a new report by the California Healthcare Institute.

The medical device industry shrank from 73,119 employees in 2007 to 71,947 in 2011, a change of about 1.6%.

Most of the job losses came during the height of the financial collapse of 2008, according to the report, released at the 2013 J.P. Morgan Healthcare conference in San Francisco.

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