Boston Scientific Unveils New Restructuring Plan and Foresees Job Cuts - Zonebourse Switzerland
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Published on 07/28/2026 at 00:08 - Modified on 07/28/2026 at 00:11 Contact us for any correction request Here are some details: * The company specified that the plan, approved on July 21, will involve supply chain optimization, the transfer of certain productions between plants, and a modification of the organizational structure. * The changes are expected to begin this year and largely be completed by the end of 2029. * Boston Scientific indicated that the restructuring will lead to job cuts, although it continues to recruit in its growing sectors and reallocate resources to meet global market demand. * The company estimates the plan will cost between 700 million and 800 million dollars before taxes, of which 600 to 700 million dollars are expected to be paid in cash. * In return, Boston Scientific expects to reduce its annual expenses by approximately 500 million dollars once the changes are fully implemented. * A large part of the savings made will be reinvested in growth initiatives, the company specified. * Boston Scientific is due to publish its second-quarter results on July 29, with investor attention focused on the performance of its cardiac device portfolio. (Reporting by Padmanabhan Ananthan in Bangalore)