Free Republic
Browse · Search
Topics · Post Article

To: Lorianne

Who will pay? The middle-class workforce, of course.

So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let’s examine the very real jobs that will be lost, and the very real lives that will be affected.

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.

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.


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.


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.


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

Add on those companies reducing hours to keep employees part-time and avoid Obamacare taxes.

Link to full article embedded with more data:

18 posted on 11/07/2012 3:48:10 PM PST by CharlesMartelsGhost
[ Post Reply | Private Reply | To 1 | View Replies ]

To: CharlesMartelsGhost; All


Anyone with any layoff stories please post here so we can have a composite list.

42 posted on 11/08/2012 12:53:56 PM PST by Lorianne (fedgov, taxporkmoney)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson