Recent

% | $
Quotes you view appear here for quick access.

Yahoo! Inc. Message Board

  • fishnman1973 fishnman1973 Dec 4, 2012 7:32 AM Flag

    Top US Companies Plan Layoffs Because of Obamacare

    The firms include:
    Welch Allyn — a manufacturer of medical diagnostic equipment in central New York — which says it will cut 275 employees, about 10 percent of its workforce, over the next three years.
    Dana Holding Corp. — a global auto parts manufacturing company — which warned of layoffs due "$24 million over the next six years in additional U.S. healthcare expenses.’’
    Stryker — a medical device manufacturer — which plans to close its facility in Orchard Park, N.Y., eliminating 96 jobs in December. They also say they’ll slash 5 percent of their global workforce, about 1,170 positions.
    Boston Scientific — a medical device manufacturer — said it plans to cut between 1,200 and 1,400 jobs, while shifting investments and workers overseas to China.
    Medtronic — a medical device maker — which cut 500 positions over the summer, with 500 more set to be eliminated by the end of 2013.

    Other companies promising job cuts include: Smith & Nephew — 770 layoffs; Abbott Labs — 700 layoffs; Covidien — 595 layoffs; Kinetic Concepts — 427 layoffs; St. Jude Medical — 300 layoffs; and Hill Rom — 200 layoffs.

 
YHOO
37.14-0.28(-0.75%)12:29 PMEDT