Alphatec to lay off 76 from Scient'x, Surgiview subsidiaries
Alphatec says it plans to lay off 76 workers from its French Scient'x and Surgiview subsidiaries, aiming to save up to $6 million a year.
Carlsbad, Calif.-based Alphatec said the cuts will be made at its Scient'x and Surgiview subsidiaries and will cost about $11 million through fiscal 2014.
"We appreciate the significant contributions of those employees who could be impacted by this plan and their dedication to Scient'x and their customers. We will do everything possible to assist all affected employees and their families," Alphatec chairman & CEO Les Cross said in prepared remarks. "The decision to begin the process of restructuring our operations in France was very difficult, but ultimately was based on the management team undertaking a thorough analysis of the current and future market environment and Scient'x's ability to remain competitive while meeting our customers' needs with the best and most affordable solutions."