Sounds like an excuse to me to cut their workforce. I wonder...do they have union workers? Could be a lame excuse to get rid of union workers so they have to renegotiate less favorable contracts. The excuse of Obamacare is total BS as it doesn't cost employers more...in fact, if they provide healthcare to their employees, they get a tax break. Both of these companies are large enough to be proving a benefits package. If not, maybe the should go out of business and more ethical companies can fill the void.
------------------------------------ Three Ravens Consulting Eric Roberts Owner/Developer [email protected] tel: 630-486-5255 fax: 630-310-8531 http://www.threeravensconsulting.com ------------------------------------ -----Original Message----- From: Jerry Barnes [mailto:[email protected]] Sent: Friday, November 09, 2012 10:45 AM To: cf-community Subject: Re: Was there some bad economic news this week? I found a few more. There may be some duplicates and I don't feel like sorting them out right now. Welch Allyn Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off *275 employees<http://www.syracuse.com/news/index.ssf/2012/09/welch_allyn_cutting _275_worldw.html> *, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law. Dana Holding Corp. As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing "$24 million over the next six years in additional U.S. health care expenses". After laying off several white collar staffers, *company insiders<http://thurbersthoughts.blogspot.com/2012/10/dana-considering-layof fs-as-obamacare.html> * have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide. Stryker One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their*global workforce<http://www.mmm-online.com/stryker-layoffs-blamed-on-obamacare-tax/ article/247605/> * - an estimated 1,170 positions. Boston Scientific In October of 2009, Boston Scientific CEO Ray Elliott, *warned that proposed taxes<http://www.reuters.com/article/2009/10/20/bostonscientific-reform-idUS N2042679320091020> * in the health care reform bill could "lead to significant job losses" for his company. Nearly two years later, Elliott announced that the company *would be cutting<http://nation.foxnews.com/obamacare/2011/07/29/obamacare-fallout-bos ton-scientific-firing-1400-workers-hiring-1000-china> * anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas - to China. Medtronic In March of 2010, medical device maker *Medtronic warned<http://newsbusters.org/blogs/matthew-sheffield/2012/03/22/cbo-obamaca re-will-lead-elimination-800000-jobs> * that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan *became reality<http://www.massdevice.com/news/layoffs-medtronic-cut-another-500-job s-hopes-saving-125m-year> * when the company cut 500 positions over the summer, with another 500 set for the end of 2013. Others A *short list<http://www.vcstar.com/news/2012/oct/27/shirley-medical-device-tax-will- impact-jobs-and/> * of other companies facing future layoffs Smith & Nephew - 770 layoffs Abbott Labs - 700 layoffs Covidien - 595 layoffs Kinetic Concepts - 427 layoffs St. Jude Medical - 300 layoffs Hill Rom - 200 layoffs J - You know, education, if you make the most of it, if you study hard and you do your homework, and you make an effort to be smart, uh, you, you can do well. If you don't, you get stuck in Iraq. - John Kerry ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:358093 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
