Skip to comments.St. Jude Medical cutting 300 jobs in reorganization, 80 in Minnesota
Posted on 08/31/2012 5:17:46 AM PDT by TurboZamboni
Little Canada-based St. Jude Medical is eliminating 80 jobs in Minnesota as part of a restructuring plan the company announced Thursday, Aug. 30.
The medical device manufacturer, which employs about 3,000 in Minnesota, said it is providing support to about 300 workers across the company whose jobs have been eliminated. St. Jude Medical competes in the market for heart devices against Fridley-based Medtronic and Natick, Mass.-based Boston Scientific, which makes pacemakers and implantable defibrillators at a division based in Arden Hills.
On Wednesday, a Boston Scientific official said his company is moving forward with previously announced plans to eliminate jobs. In May, Medtronic announced plans to eliminate 1,000 jobs including 250 in the Twin Cities.
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Obamacare has a new tax on medical devices. Could there be a connection? Hmmmm.
At some point, average life expectancy America will start to go down. People will be scratching their heads, asking: “How did George W. Bush do that to us???”
The Coming ObamaTax Bomb
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
Obamacare medical device tax killing jobs in the industry
Obamacare’s Medical-Device Tax Kills Patients, Not Just Jobs