Siemens Healthineers is laying off hundreds of employees in New Jersey, according to a state filing.
The job cuts include 120 that took place in June and another 180 from the consolidation of diagnostic instrument manufacturing from its plant in Flanders, N.J., to Dublin, a company spokesperson told Becker's.
"These measures reduce the complexity of our portfolio, create a leaner organization, and streamline our supply chain and company footprint," the statement read.
Siemens may sell or carve out its diagnostics business, which has declined with the fall in COVID-19 testing, Bloomberg reported in November. The company recently entered into a 10-year partnership with St. Louis-based SSM Health and has similar agreements with University of Miami Health System and Iowa City-based University of Iowa Health Care.