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Thermo To Lay Off 100 Employees in Massachusetts Plant Closing

May 01, 2006

NEW YORK, May 1 (GenomeWeb News) - Thermo Electron plans to "discontinue all manufacturing and distribution operations" at its Milford, Mass., facility, the company disclosed in a filing with the US Securities and Exchange Commission on Friday.

 

As a result, Thermo said it will lay off 100 employees.

 

The facility is part of Thermo's Life and Laboratory Sciences segment and primarily manufactures centrifuges, molecular biology products, vacuum concentrators, and power supplies.

 

The Milford plant's activities will be relocated to Thermo's facility in Asheville, NC, which it acquired as part of its Kendro acquisition last May.

 

Thermo said in the SEC filing that it expects restructuring charges associated with the plant closing of around $8 million, including $2.3 million of severance and related personnel costs and $3.2 million of abandoned facility costs.

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