Baxter lays off 12 at Bloomington facilities

Baxter (NYSE:BAX) is laying off 12 employees from its Bloomington, Ind. facilities, according to a report from The Herald Times.

The dismissals mark the 2nd round for the company at its Bloomington facilities, following the layoff of 36 employees in 2015.

“For the past several months, the leadership team at our Bloomington facility has been strategically managing attrition and related backfill of positions, as well as reducing the use of temporary workers, in order to minimize the impact of any necessary reductions in our workforce” Baxter global communications director wrote, according to The Herald Times.

The laid-off employees spanned several different departments and functions, according to the report. The Bloomington facilities, which were acquired by Baxter in 2001, employ a total of 650 people.

Last month, Baxter’s board of directors approved a $1.5 billion increase in its share repurchase plan as it announced its quarterly cash dividend of 13¢.

The share repurchase plan, which was approved in 2012, now has $1.9 billion to repurchase shares. Baxter said it will engage in repurchasing “at times and amounts determined by the company based on its evaluation of market conditions and other factors.”

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