Posted on 02/01/2013 3:13:51 PM PST by Nachum
Global medical technology firm Smith & Nephew announced Thursday the layoff of almost 100 workers at its Tennessee and Massachusetts plants — and placed blame for the drawdown firmly at the feet of Obamacare.
The London-based company makes orthopedic reconstruction products. It faces a 2.3 percent tax on its medical devices, due to Obamacare mandates, Fox News reports.
In a statement, the company said: “Unfortunately, and in order to absorb this cost burden into or business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites,” according to Fox News.
(Excerpt) Read more at washingtontimes.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
I hear about so many lay offset in the healthcare industry. It seems like a daily thing. This is not good.
lay-offs
If they voted for RAT scum they deserve all the pain and misery coming their way!!!!!!!!!!!!!!!!!!!
Let em suffer!
Good!
On the other hand, Smith & Wesson is doing just fine, thanks to obama.
hubby said he read about it in the paper yesterday, I don’t read the commie fish wrapper, it is only good for lining Libby’s Kennel.
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