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Firm to move manufacturing operations to China.
August 6, 2009
By: Editor
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The Florida Agency for Workforce Innovation has posted a notice that 160 employees of Advanced Wound Management, a division of Smith & Nephewplc, will get the axe at its Largo, Fla., manufacturing facility by the end of the year.
The news came one day after the firm’s Advanced Wound Management division reported a 4 percent gain in revenue for the second quarter of 2009 and a 6 percent revenue increase for the first half of the year with global revenue of $208 million for the second quarter and $386 million in revenue for the first half of 2009.
The Smith & Nephew division, based in London, England, previously announced plans to close the manufacturing facility and relocate production operations to China.
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