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U.S. Surgical

This article was originally published in The Gray Sheet

Executive Summary

Eliminates 775 jobs from its Connecticut and Puerto Rico operations in a cost-cutting move, the firm says Oct. 30. Two-thirds (490) of the reductions are voluntary and affect primarily manufacturing positions, while the remaining 285 layoffs involve supervisory and managerial staff at USSC, which was recently bought by Tyco International for $3.3 bil. ("The Gray Sheet" June 1, p. 3). No cuts in the firm's sales force are made. Future reductions at USSC's non-Connecticut operations also are expected, according to the firm, which plans over the next 15 months to consolidate its Norwalk and North Haven, Connecticut, facilities in a single campus at North Haven

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