Plant closure as Micro Therapeutics focuses on US:
This article was originally published in Clinica
Executive Summary
Micro Therapeutics has laid off 60 workers and closed its facility in Bochum, Germany, shifting all production to its headquarters in Irvine, California. The company, which makes catheter and interventional neuroradiology products, says the move is designed to cut manufacturing and overhead costs, and improve customer services. It will incur fourth-quarter one-off charges of $2.5-3.5m as a result of the closure.