Boston Scientific to lay off 1,200-plus Hit by Obamacare Tax

Boston Scientific unveiled a plan on Wednesday to spend $150 million to step up its commercial activities in China, one of the world’s fastest-growing medical device markets. Those efforts will include building a manufacturing plant for the Chinese market as well as a training center for Chinese medical care providers that use Boston Scientific’s products.

It will also involve investing in research and clinical studies in China and boosting the Boston Scientific workforce there from 200 to more than 1,200 over the next five years.

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