Gaymar Industries, which was acquired by Stryker last year for $150 million, recently announced it would close operations at two locations and eliminate 160 jobs, according to a Buffalo News report.
The company will be closing operations in Orchard park and West Seneca, both in New York. The lay offs will occur in phases yet to be announced. Gaymar's production lines will be relocated to other sites next year.
These cuts are part of Stryker's efforts to reduce its workforce by 5 percent and cutting annual pretax operating costs by more than $100 million.
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These cuts are part of Stryker's efforts to reduce its workforce by 5 percent and cutting annual pretax operating costs by more than $100 million.
Related Articles on Orthopedic Device Companies:
13 Orthopedic Device Company Cuts & Expansions in 2011
Orthopedic Surgeons are More Loyal to Preferred Device Companies Than Other Specialists
University of Pittsburgh Partners With Ortho-tag for Orthopedic Implant Research