SKANEATELES FALLS, N.Y. (Sept. 17, 8:45 a.m. ET) — Global medical-device and diagnostic equipment manufacturer Welch Allyn Inc. said it plans to reduce its 2,750-person workforce by 10 percent over the next three years, partly triggered by the 2.3 percent excise tax on U.S. medical devices scheduled to go into effect Jan. 1.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.