COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY…

November 9, 2012 5:59 pm  

(Washington Times) – The Tea Party has put together  a list of companies that will be laying off employees as a result of President Barack Obama’s health care law:

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, 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.

SPECIAL: FAX BLAST ALL 100 U.S. Senators AND ALL 435 U.S. Representatives! ObamaCare Must Be Destroyed With A Vote Of Congress!

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 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 – an estimated 1,170 positions.

Boston Scientific

In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes 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 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 that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.

Others

A short list of other companies facing future layoffs at the hands of Obamacare:

Smith & Nephew – 770 layoffs
Abbott Labs – 700 layoffs
Covidien – 595 layoffs
Kinetic Concepts – 427 layoffs
St. Jude Medical – 300 layoffs
Hill Rom – 200 layoffs
Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law – a shift from full-time to part-time workers.

http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/

Chants for 'Karl Marx,' 'socialism' at Dem victory rally
Glenn Beck: Establishment GOP is over

Top Stories

Texas Town Fires Entire Police Department, Crime Drops by 61% Replaced all cops with private security (Infowars) - A Texas town has proven that there is a solution to out of control cops after it replaced the ...
Feds Seeking ‘Wearable Alcohol Biosensors’ to Track How Much ... $300,000 challenge to create real-time monitoring of alcohol consumption (Free Beacon) - The National Institutes of Health (NIH) is offering up to ...
GOP Targets Explosion In Food Stamps (Washington Examiner) - Food stamps were created to cure rural hunger, but they have become the biggest federal program propping up the incomes of th...
Does Homeland Security Funding Drama Portend Bigger Budget Battle... (Reuters) - Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic...
FCC Commissioner: ‘When You See this Document, Worse than Y... (The Guardian) - Republicans invoked Star Wars’s evil galactic emperor in their attacks on new broadband regulations on Friday, warning that the pub...
7 Reasons Net Neutrality Is a Threat to Your Freedom (Newsmax) - The FCC's Democrat majority voted on Thursday to fix something that ain't broken by approving new regulations for the Internet. Republican...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.