Cochlear

ASX:COH

Hearing implant manufacturer. Global leader in cochlear implants. 400+ shared services staff in Malaysia.

Offshoring Summary
Figures reported in public sources at the dates shown. Current numbers may differ.

Reported Offshore Headcount

400+

reported 1 Jan 2022, Cochlear Modern Slavery Statement

Estimated % of Workforce

N/A

Destination Countries

🇲🇾 Malaysia

Financial Context

Market Cap

$20.0B

Revenue

$2.3B

Net Profit

$389M

Estimated Wage Differential

~$34M/yr

Illustrative wage differential: if the 400+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$34M/yr (~8.7% of reported net profit). This is an estimate based on industry averages, not company-specific data.

Would this company be profitable without offshoring?

Every dollar paid offshore leaves the Australian economy, reducing local wages, tax receipts, and economic circulation. Why it matters

Financial data: FY2025. Estimate uses avg AU employment cost of $110,000+/yr (incl. super and on-costs) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.

In Plain English

  • In 2022, Cochlear was reported to have 400+ offshore contractors and staff.
  • 🇲🇾 400+ staff reported in Malaysia in Other.

Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.

Department Breakdown

DepartmentCountryHeadcountConfidence
Other🇲🇾 Malaysia400Estimated

Other Healthcare Companies That Offshore

Other companies in healthcare with reported offshore operations.

CompanyASXReported OffshoreOffshore Destinations
AnsellANN300+
🇲🇾 Malaysia
ResMedRMD200+
🇮🇳 India

What Public Sources Say

All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.

Additional Sources

Modern Slavery StatementCochlear Modern Slavery Statement30 Jun 2025

Spread the word

Offshore Watch runs on people passing it on. If this matters to you, share it. The more people who see it, the harder it is to ignore.

This list is not complete, and never will be

If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.

Read why

This started as an ASX 200 project and mostly still is. It has widened as stories landed from outside that list, so it now also covers employers that aren't ASX-listed, like Canva, Allianz Australia, SS&C and Crown Resorts, along with government departments and agencies. Companies get added when something surfaces about them, not by working through a list in order.

Australian companies are under no obligation to disclose where their work is done, and there is no register of offshored jobs. Everything here comes from something that surfaced publicly: an annual report, a modern slavery statement, a news article, a union statement, a government contract, or a tip from someone who was there.

So an absence usually means nobody has reported on that company and we haven't got to it yet, not that it keeps its work onshore. Some of the biggest offshorers say nothing at all. And because each figure counts only what a source actually stated, the real numbers can often run higher, sometimes much higher.

Every figure links to the source it came from, so you can judge it yourself rather than take our word for it. If you know something that is missing or wrong, tell us. Corrections are published, not quietly buried.

This profile reflects public information at the time of publication and may not match current operations. Is something wrong or missing about Cochlear? Submit a correction. We welcome input from companies, employees, and researchers.