Agilent to cut 450 jobs in healthcare division
PALO ALTO, Calif.
Agilent Technologies is cutting cut 450
jobs, or about 9 percent, of the 5,000 people employed in its
healthcare products subsidiary as it seeks to streamline and
consolidate manufacturing facilities across the globe.
The Palo Alto, Calif.-based industrial instrument manufacturer
plans to cut about 200 contract employees from the payroll and
accelerate programs to streamline manufacturing operations,
affecting facilities in Andover, Mass.; Qingdao, China; and
Agilent chief executive Ned Barnholt said Monday in a statement
the moves were necessary to return the unit to profitability.
Agilent late last month warned Wall Street its upcoming
third-quarter profit would be lower than expected.
"We don't intend to wait for market conditions to improve
before implementing our plans,'' Barnholt said. `We're firmly
committed to strengthening this business and are confident that
today's actions will help get HSG back on track.''
With approximately 43,000 employees serving customers in more
than 120 countries, Agilent Technologies is the spinoff of
Hewlett-Packard Co. that design and manufacture test, measurement
and monitoring instruments, systems and solutions, and
semiconductor and optical components.