20 February 2024

~1 minutes read

Concerns Medtronic’s decision to exit its ventilator product line will affect Galway jobs

Share story:
Concerns Medtronic’s decision to exit its ventilator product line will affect Galway jobs

There are concerns Medtronic’s decision to exit its ventilator product line will affect its Galway workforce.

A financial statement issued today said “exiting the increasingly unprofitable ventilator product line and combining the remaining businesses allows for increased investment in Acute Care and Monitoring with a focus on profitable growth.”

The statement goes on to say that given this increased investment along with an improved competitive landscape, the company has strong conviction in driving durable category leadership in this newly combined business.

Medtronic is one of Galway’s main employers but it’s understood any job losses caused by today’s decision would be spread across all its sites – Mervue and Parkmore in Galway along with two sites in Dublin and one in Athlone.

Company sources say no more than 40 redundancies are expected out of its 4,000 employees in Ireland

The company says it will honour existing ventilator contracts and expects that existing manufacturers, who today account for the majority of the market, can meet customer demand for new ventilators moving forward.

Share story:

Keith Finnegan bids farewell as he retires from Galway Bay fm after 34 years

Keith Finnegan today said his final goodbye on Galway Talks as he retires from Galway Bay fm after 34 years of broadcasting The 62 year-old Mervue native ...

Ballinasloe paramedic jailed for eight years over rape of vulnerable woman

A Ballinasloe paramedic who raped a vulnerable young woman almost 40 years ago has been jailed for eight years and six months. 65 year old John Joseph Dev...

Private road beside Sylane School to be taken over by County Council

The private road adjacent to Sylane School is to be taken over by Galway County Council The cost will be met by the area councillors through their notice ...

Up to 100 new street ambassadors to hit Galway city centre through new initiative

Up to 100 new street ambassadors will hit Galway city centre this summer through a new initiative. The Galway Street Ambassadors programme is recruiting v...