Boston Scientific's fluid management business in Tullamore which employs around 240 has been put up for sale by the medical device manufacturer.
According to a statement released by the company last night the business in Tullamore and another unit in Glens Falls, New York will be sold as going concerns. The company has decided - following a review - that these are non-core elements of its business.
More than 5,000 people are employed by Boston Scientific in Cork, Galway, Letterkenny, Clonmel, and Tullamore.
It is expected that the sale will be completed by the end of the year and that the employees will transfer over to the new owners. This will be the third time the plant has changed owners.