Who's getting axed

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On December 9, 2010, C. R. Bard, Inc. (the “Company”) committed to a plan to improve its overall cost structure and enhance operational effectiveness. The plan includes the realignment of certain manufacturing, sales and marketing, and administrative functions. The Company expects this plan to result in the elimination of certain positions and other employee terminations worldwide.

In connection with this plan, the Company estimates that it will incur a pre-tax charge of approximately $20 million in the fourth quarter of 2010. Substantially all of this charge is expected to result in cash expenditures related to separation costs and other employee termination expenses. The Company expects activities under the plan to be substantially complete by the end of 2011.
 






Does anyone know what is going to happen to the brachytherapy? Do you think Bard will sell off that part of the business to try and make up for some of the loss? I know it's a struggling business with all the urology owned IMRT centers but it's still a good treatment.
 


















Anonymous said:
It would seem, most of the axed people are age 50+ and are being offered severance packages in lieu of lawsuits for age discrimination and their silence
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Sounds about right. Bard has discriminated against older workers routinely and has settled at least one discrimination lawsuit recently. Not a friendly place for older workers. Such a shame after so many years of service.
 












so true, so true. young, low salary no strong leadership skills, just good young, drink the kool-aide children...selling what they can, when they can...with no questions asked. just how bard management likes it!!!!!
 






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