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Global medical company lays off 100 in US, blames ObamaCare
fox news ^ | 2/1/2013 | fox news

Posted on 02/01/2013 3:25:27 AM PST by tobyhill

A global medical technology company has laid off nearly 100 employees at its offices in Tennessee and Massachusetts and is blaming the layoffs on the medical device tax tied to ObamaCare.

London-based Smith & Nephew said Thursday it laid off fewer than 100 employees between the two offices, which operate as the company's advanced surgical devices unit, according to The Commercial Appeal.

The company specializes in developing orthopedic reconstruction products, has nearly 11,000 employees and operates in over 90 countries, according to its website. The Affordable Care Act includes a 2.3 percent tax on medical devices, which is expected to raise nearly $30 billion over the next decade. The tax is applied to gross sales revenues.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: jobs; layoffs; obama; obamacare

1 posted on 02/01/2013 3:25:32 AM PST by tobyhill
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To: tobyhill

Stifle, Kerb and DePress is a large lobbying firm operating on behalf of the Current Regime in the White Hut, and has supplied them with many of the guidelines they follow.

2 posted on 02/01/2013 3:31:45 AM PST by alloysteel (If conspiracy does not exist everywhere, it exists nowhere.)
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To: tobyhill


3 posted on 02/01/2013 3:53:34 AM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: alloysteel

Ask yourself>

How low is it to place a tax on the sick, the lame, the handicapped, the dying?

Now we see what you voted for Nancy.

4 posted on 02/01/2013 4:31:48 AM PST by Venturer
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To: tobyhill


Unemployment Rate Rises to 7.9% as US Adds Fewer Than Expected Jobs

Friday, February 1, 2013 08:34 AM


Employment grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy’s sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.

Employers added 157,000 jobs to their payrolls last month, the Labor Department said on Friday. There were 127,000 more jobs created in November and December than previously reported.

The unemployment rate, however, edged up 0.1 percentage point to 7.9 percent.

5 posted on 02/01/2013 6:35:45 AM PST by KeyLargo
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To: lowbridge

New Viking Range owner cuts 20 percent of workers

6 posted on 02/01/2013 7:52:01 AM PST by KeyLargo
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