Over 700 Oklahoma Auctions End Today - Bid Now
Over 1350 Total Lots Up For Auction at Four Locations - CA 08/06, NY 08/12, NY 08/16, NJ Cleansweep 08/17

X-ray component manufacturer Varex to lay off 94 employees

por Gus Iversen, Editor in Chief | July 30, 2020
Business Affairs Parts And Service X-Ray
In government filings obtained by HealthCare Business News, imaging component manufacturer Varex Imaging Corporation announces plans to reduce operating costs by laying off approximately 94 employees by the end of the year.

The Form 8K SEC filing indicates that the layoffs are meant to address the impact of the COVID-19 pandemic, and that "nearly all" of the employees who will be affected are based in the U.S. It also specifies that these layoffs are in addition to the previously disclosed workforce reductions relating to the closure of the company's Santa Clara, California, facility.

Varex is a leading manufacturer of X-ray imaging components, including X-ray tubes, digital detectors and other image processing solutions, which imaging equipment manufacturers incorporate into their systems. The company is headquartered in Salt Lake City, Utah, and employs approximately 2,000 people located at manufacturing and service center sites in North America, Europe, and Asia.

Servicing GE, Philips and Siemens CT equipment with OEM trained engineers

Numed, a well established company in business since 1975 provides a wide range of service options including time & material service, PM only contracts, full service contracts, labor only contracts & system relocation. Call 800 96 Numed for more info.

X-ray imaging exams and elective procedures have seen dramatic reductions in utilization due to the coronavirus pandemic. Researchers at University Hospitals Cleveland Medical Center/Case Western Reserve in Ohio recently studied imaging utilization across eight weeks and determined that scans had dropped by over 50%.

According to the Form 8K filing, dated July 29, Varex estimates that it will incur approximately $2.5 to $3.5 million of cash expenditures in connection with the newly announced reduction in workforce.

You Must Be Logged In To Post A Comment