ICU Medical (Nasdaq: ICUI) filed with the state of Minnesota to confirm a facility closure and some layoffs.
Layoffs continue to impact the medtech industry as companies battle ongoing economic challenges. Over the past year or so, MassDevice has reported on around 18,000 job cuts across the industry.
Minnesota’s State Rapid Response Team received a Worker Adjustment and Retraining Notification (WARN) letter from ICU Medical dated Aug. 17. It informed the state of the permanent closure of a plant and layoff of approximately 81 employees. The manufacturing facility is located in Oakdale, just east of St. Paul.
