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Boston Scientific Plans More Job Cuts As Part Of Ongoing Restructuring

The company announced plans to reduce annual expenses by $150 to $200 million by reducing up to 1,500 positions through a combination of employee attrition and position reductions. The company also announced that Jeffrey Capello will step down as chief financial officer at the end of the year.

Boston Scientific Corp.’s ongoing restructuring will eliminate another 1,100 to 1,500 jobs worldwide on top of the job cuts already announced, the company’s board decided this week.

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