The publicly traded company is looking to cut costs via relocation.
Publicly traded medical device maker Teleflex and its local owned affiliate NeoTract, Inc. are shuttering two East Bay facilities and laying off 78 workers, per recently filed notices this week.
The catheter and urology device specialist plans to close manufacturing operations facility at 4155 Hopyard Rd. in Pleasanton and its warehouse distribution hub at 1963 Rutan Dr. in Livermore. The layoffs, impacting 73 and 5 workers, respectively, will be effective March 31. It's unclear how much of a presence the company will maintain in the Bay Area. In its mass layoff notice Teleflex said that"certain non-manufacturing operations will continue."
Representatives of Teleflex and NeoTract, Inc. did not respond immediately to comment Thursday morning but I'll update this story if I hear back. The facility closures amount to an abrupt reversal for Pleasanton-based NeoTract Inc., which leased more thanfor 4155 Hopyard Rd. in Pleasanton advertises one 76,530-square-foot space available for $344,295 per month, or about $4.50 per square foot.
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