Braintree, Mass.-based Haemonetics Corp., a maker of blood-collection equipment, cut 62 jobs, or about 4 percent of its
workforce, as the company reorganizes into two divisions.
Haemonetics said it will have expenses of about
$2.7 million to pay for severance and other related costs. The
reduction is expected to result in annual cost savings of about
$4 million. The company said it had about 1,500 employees
worldwide before the cuts.
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The company in January said it would split itself to help it
better serve its customers. Haemonetics’s donor division will
deliver products and services to blood banks and plasma
collectors, while the patient business will focus on hospital
surgical suites.
Haemonetics said it didn’t
plan on closing any plants.
Haemonetics shares have declined 26 percent in the past year.
For fiscal 2004, the company said in a statement it still
expects “high single-digit revenue growth” and per-share
earnings to be unchanged from fiscal 2003.
Bloomberg News
