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Article: BioSensors Downsizing Newport Beach Office

Article from:
Orange County Business Journal
Article date:
May 26, 2008
Author:
Copyright

HEALTHCARE: Co. focusing on other operations; pushing stent line

Biosensors International Group Ltd., a Singapore-based medical device maker, is scaling back its Newport Beach operations.

The company plans to cut or transfer about 80 Southern California workers with the bulk of the affected jobs at its U.S. headquarters in Newport Beach.

Biosensors employs about 65 people in Newport Beach. The company also has operations in La Jolla, which could see a gain of jobs from Orange County as well as some cuts or transfers.

In all, Biosensors plans to cut 40 to 50 workers.

The company is likely to keep a downsized office in Newport Beach, where Chief Executive Mike Kleine and Chief Financial ...

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