The company plans on closing an additional six facilities. Two are manufacturing sites located in Seattle, Washington, and Tel Aviv, Israel. The other offices are in Munich, Germany; Cambridge, England; Paris, France and Tokyo, Japan. According to a press release, some of these facilities will retain skeleton personnel until vacated in favor of new tenants.
In a released statement, Yacha Sutton, CEO of the company says, "These closures are the final steps in the integration of Coherent Medical Group. We have consolidated our manufacturing sites and balanced production between the United States and Israel. We have combined sales offices, strengthening our sales channels around the world."
The office here was the company's headquarters for a number of years. The company's US headquarters are now in Santa Clara, California and its international headquarters are in Yokneam, Israel.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
