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Medical-device manufacturer to lay off 1400 ...
Hot Air ^ | 7/29/11 | Ed Morrissey

Posted on 07/29/2011 11:28:20 AM PDT by Nachum

In March 2010, Nancy Pelosi warned us that we had to pass ObamaCare to “find out what’s in it.” What is in it is jobs for China. What’s not in it is jobs for Americans, as the Boston Globe reports today (via NewsAlert):

Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.

The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based. In February 2010, Boston Scientific said it would pare 1,300 jobs worldwide, but similarly did not say where.

Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.

Massachusetts state Senator James Elridge (D-Acton) reacted … predictably:

“My sense is, sadly, that like many other American companies, they are shedding jobs in Massachusetts and adding jobs overseas,’’ Eldridge said. “And this is a company making greater profits, so it’s even more outrageous.’’

Yes, that’s what happens when the American government makes it more expensive to do business in the US.

(Excerpt) Read more at hotair.com ...


TOPICS: News/Current Events
KEYWORDS: lay; manufacturer; medicaldevice; off
Obamacare Obamanomics
1 posted on 07/29/2011 11:28:21 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 07/29/2011 11:29:03 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

I used to work for them and a company they bought for 17 Years! BS laid-off wonderful talent when they bought us.


3 posted on 07/29/2011 11:32:16 AM PDT by LiveFreeOrDie2001 (Best Cook on Free Republic! ;-))
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To: Nachum

I am very familiar with this industry.

It is expected that new medical devices currently in the pipeline will come out between now and 2015.

After that, Obamacare will reduce the development of new devices to near zero as cost controls will prohibit new technologies over existing technologies.

Therefore, device manufacturers are looking to increase margins on existing equipment as much as possible.....that means producing these using the lowest labor rates.

This is what happens under managed care.....development stops, existing diseases remain untreatable and no cures are developed.

But, because those products are never available, nobody misses them.


4 posted on 07/29/2011 11:35:12 AM PDT by Erik Latranyi
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To: Erik Latranyi

I’ve been an Development Engineer in this industry for the past 20 Years.


5 posted on 07/29/2011 11:38:27 AM PDT by LiveFreeOrDie2001 (Best Cook on Free Republic! ;-))
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To: Erik Latranyi

Never available.....never missed. You said it.
In the last few days I seen (TV)and heard (radio) too many commercials to count about contacting (LAWYERS) for every medical device in existance and too many drugs to count.
The commercials sound as though the device makers and drug manufacturers as WILLFULLY injuring people.
The answer..accept NO medical device and take NO drugs. You have the right to peacefully die.
As the Patent Protections for Propriety Drugs expire, the search for NEW treatments and cures will diminish rapidly.
As it become “not worth the effort” to devise and patent that new “joint replacement” the effort won’t be made.
I think that is supposed to be progress.


6 posted on 07/29/2011 11:45:17 AM PDT by CaptainAmiigaf (NY TIMES: "We print the news as it fits our views")
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To: Nachum

More of that Kenyan “fundamental transformation”.


7 posted on 07/29/2011 11:45:17 AM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
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To: Nachum

I’ll say it because no one yet has.
Elections have consequences. This is what people voted for.
Maybe they didn’t understand the specifics but all they needed to do was pay attention to the Joe the Plumber incident. They didn’t. So because they were too lazy to ask questions (”What does redistribute wealth mean???”) or hated George Bush SO much or wanted to feel supergood about being part of the ultimate act of affirmative action—this is what we get. What’s being redistributed is suffering. Now we all suffer because 53% of the country went to the polls and left their brains at home.
Some jobs will be gone for good. Forever. Not coming back. It’s too late to change that. No matter who is president in 2013, those industries are not returning to America because they will be settled and functioning elsewhere.
Oh well. Learn to do with less. Michelle Obama is. Oh wait, she’s not.


8 posted on 07/29/2011 11:49:54 AM PDT by Rytas
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To: Nachum

I’ll say it because no one yet has.
Elections have consequences. This is what people voted for.
Maybe they didn’t understand the specifics but all they needed to do was pay attention to the Joe the Plumber incident. They didn’t. So because they were too lazy to ask questions (”What does redistribute wealth mean???”) or hated George Bush SO much or wanted to feel supergood about being part of the ultimate act of affirmative action—this is what we get. What’s being redistributed is suffering. Now we all suffer because 53% of the country went to the polls and left their brains at home.
Some jobs will be gone for good. Forever. Not coming back. It’s too late to change that. No matter who is president in 2013, those industries are not returning to America because they will be settled and functioning elsewhere.
Oh well. Learn to do with less. Michelle Obama is. Oh wait, she’s not.


9 posted on 07/29/2011 11:59:43 AM PDT by Rytas
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To: Nachum

I need glasses. I read the title as “Medieval-device manufacturer” and thought “Why do we need one of those anyway?”


10 posted on 07/29/2011 12:02:56 PM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: LiveFreeOrDie2001
I’ve been an Development Engineer in this industry for the past 20 Years.

Who do you work for and in what areas? You can PM me.

11 posted on 07/29/2011 12:16:20 PM PDT by Erik Latranyi
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To: Nachum
“And this is a company making greater profits, so it’s even more outrageous.’’

Yes it's outrageous that they make a profit! HOW DARE THEY!!!!...............

12 posted on 07/29/2011 12:16:50 PM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: BuckeyeTexan
Who does not want a trebuchet?
13 posted on 07/29/2011 12:19:50 PM PDT by 1rudeboy
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To: Nachum


14 posted on 07/29/2011 12:23:14 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: 1rudeboy

I vote we pull one of those up to the Senate and start knocking some sense into Democrats.


15 posted on 07/29/2011 12:24:47 PM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: Nachum
The financial beatings will continue until morale improves...

Liberals' inability to think through the cause & effect consequences of their various "feel-good" causes never ceases to amaze me.
16 posted on 07/29/2011 12:33:28 PM PDT by BWDog
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To: Iron Munro
Democrat's are having their way / agenda with American jobs!

Merck's 2nd-Quarter Profit Rises; announces more layoffs (13,000)

Pilgrim's Pride closing chicken plant in Dallas (1,000 jobs)

Armstrong plant closes; new owner coming (150 jobs)

17 posted on 07/29/2011 12:58:45 PM PDT by MamaDearest
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To: Nachum

Add another 160 here:

http://www.denverpost.com/business/ci_18564338?source=rss


18 posted on 07/29/2011 1:01:25 PM PDT by ican'tbelieveit
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To: Rytas
Some jobs will be gone for good. Forever. Not coming back. It’s too late to change that. No matter who is president in 2013, those industries are not returning to America because they will be settled and functioning elsewhere.

Not only that, but I have seen places where the factories were razed to bare land to lower the property taxes. Try building a new plant with all the existing regulations.

We're at the end of an era and America will never again be the manufacturing and economic giant it once was. Even if the Republicans win in the next election, nothing much will change. There will be a temporary upward spike as businesses breathe a sigh of relief but the stagnation will continue. The country became great because we MADE things. Now we are relegated to taking in each others' laundry. Welcome to the Service Economy.

19 posted on 07/29/2011 1:54:39 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Nachum

There is according to the news a new report out on FDA failures....especially for implanted medical devices.


20 posted on 07/29/2011 3:04:22 PM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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To: CaptainAmiigaf

lyrica will soon be on the list, real nasty side effects, should never have been approved. and that goes for all those gut killing anti inflamatories.

Shoddy study..........

lyrica http://webcache.googleusercontent.com/search?q=cache:7ZCYvxibIq8J:www.drugs.com/sfx/lyrica-side-effects.html+lyrica+side+effects&cd=5&hl=en&ct=clnk&gl=us&source=www.google.com


21 posted on 07/29/2011 3:10:44 PM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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To: MamaDearest

Memphis UE rate just went to 12.2


22 posted on 07/29/2011 3:12:16 PM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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To: BuckeyeTexan
I need glasses. I read the title as “Medieval-device manufacturer” and thought “Why do we need one of those anyway?”

I'm against eagle rights too! They'll get their wings stuck at the poll booth. And endangered feces? Why should we pass laws to save what no one wants anyway?

23 posted on 07/29/2011 3:20:55 PM PDT by JusPasenThru (HEY UNION MEMBER: INVEST IN YOUR OWN DAMN INFRASTRUCTURE FOR A CHANGE!)
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To: Nachum

Here are a bunch more.

http://www.dailyjobcuts.com/


24 posted on 07/29/2011 4:08:07 PM PDT by sweetiepiezer (I have a Pal In Sarah.)
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To: BuckeyeTexan
Better question is “Why don’t we need one?”
25 posted on 07/29/2011 4:16:39 PM PDT by RichInOC (No! BAD Rich! (What'd I say?))
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To: Erik Latranyi

Losing our industrial base makes America more vulnerable too. Just think, just in this industry, our medicines, and stents, clamps, bandages, blood tests, surgical gloves, bed pans...whatever, are being made or will be made in foreign countries.


26 posted on 07/30/2011 7:20:54 AM PDT by virgil
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To: virgil
Losing our industrial base makes America more vulnerable too. Just think, just in this industry, our medicines, and stents, clamps, bandages, blood tests, surgical gloves, bed pans...whatever, are being made or will be made in foreign countries.

The US was one of the last free markets for medical devices and pharmaceuticals. Most other countries imposed cost controls through socialized care on those industries years ago.

Pharmaceutical companies do not charge less in Canada because they like Canadians more. They charge less because the Canadian government regulates the price. This is why seniors still flock to Canada for pharmaceuticals.

The costs are higher in the US because we pay for the research costs while the rest of the world pays the production cost.

The same is true of medical devices.

Once price controls are in place, there is no mechanism to recoup research costs. Therefore, the only way to make increasing profits (the goal of every company) is to reduce manufacturing costs.

Still, the price of labor is not the difference here.

Pharmaceutical production is highly automated (like most manufacturing). Therefore, companies do not flee higher wages (unless they are union) instead, companies flee higher taxes, regulations, compliance issues, etc.

Those are the REAL drivers of our manufacturing exodus.

27 posted on 07/30/2011 7:36:40 AM PDT by Erik Latranyi
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To: Nachum

bump


28 posted on 07/31/2011 2:19:20 PM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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