Shareholders had rejected an earlier plan to buy out minority stakes in the unit, leading to the resignation of Sulzer's chief executive.
The announcement of layoffs comes just two weeks after the resignations of the company's chief executive.
That led to jail time for Boeing's finance chief and the resignation of its chief executive.
This helped force the resignation of the hall's chief executive, Sam Freas.
In January 2011 the charity folded, citing lack of funds and the resignation of its chief executive as reasons.
Such pressures are behind the recent resignation of Columbia's top executive, Richard L. Scott.
Last month, Federal regulators forced the resignation of the company's chief executive, Robert F. Adelizzi.
Last year, the advisory panel rejected IL-2, prompting a crisis at the company that forced the resignation of its chief executive.
The troubled biotechnology company announced the resignation of its chief executive.
A hoax perpetrated unwittingly by one of Japan's leading newspapers led to the resignation last week of the paper's top executive.