Mourning in America: Layoffs Galore After Election

deacon blues · #1 11-12-2012, 09:52 PM

So here's the evidence that this administration creates insecurity in the economy rather than confidence:

Quote:

Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America. ..

It also means a near immediate impact on the economy. ..With 20 or so new or higher taxes..set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.

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. ..

Stryker

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.

Boston Scientific

In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could "lead to significant job losses" for his company. ..Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas - to China.

Medtronic

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. ..

Others

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
Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law - a shift from full-time to part-time workers.

Sean Hackbarth of Free Enterprise explains:

A JP Morgan economist "points out that 8.3 million people are working in part-time jobs even though they'd prefer full-time work. Unfortunately, because of President Obama’s health care law, the Patient Protection and Affordable Care Act (PPACA), workers in the hotel, restaurant, and retail industries could be pushed into part-time jobs working less than 30 hours per week."

"Under the health care law, if a company has more than 50 “full time equivalent” workers, a combination of full and part-time employees, but doesn’t offer “affordable” coverage that meets the government’s minimum value standard, the company will have to pay a penalty...This penalty is determined by the number of full-time employees..minus 30 full-time employees. So to reiterate a very important point:..part-time workers are not part of the penalty formula. The health care law creates a perverse incentive to hire part-time versus full-time workers."

Tangible examples of Obamacare causing a reduction in full-time workers:

Darden Restaurants

According to the Orlando Sentinel, Darden Restaurants, a casual dining chain best known for their Red Lobster, Olive Garden and LongHorn Steakhouse restaurants, is "experimenting with limiting the hours of some of its workers to avoid health care requirements under the Affordable Care Act when they take effect in 2014".

JANCOA Janitorial Services

The CEO of JANCOA, Mary Miller, testified to Congress that Obamacare was a "dream killer", adding that one option she had to consider "is reducing the majority of my team members to part-time employment..in order to reduce the amount that I will be penalized."

Kroger

The American retailer in Cincinnati, Ohio recently was reported to be planning a significant slashing of their hourly workers. ..Doug Ross writes:

Operative..Faith..(a mid-level manager with the company) reveals that Kroger will soon join the ranks..of Darden Restaurants..and slash the hours of its non-exempt (hourly) workers to avoid millions in Obamacare penalties.

According to the source, Obamacare could result in tens of thousands of Kroger employees being limited to working 28 hours per week.

Summary

This is by no means, meant to be an exhaustive list. ..But it is meant to provide examples of real companies, real jobs, and real names, soon to be added to the growing list of employment casualties provided by the inevitable implementation of Obamacare.

Last night, America voted for four more years of President Obama and his destructive economic and health care policies. ..By extension, America last night voted their approval of the aforementioned layoffs and overall work reduction.

Now we must accept the inevitable. ..Welcome to mourning in America.

deacon blues · #2 11-12-2012, 10:22 PM

From www.jobcuts.com:

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November 13 , 2012

NBCUniversal - 500

Dana Corporation - Warns Employees of.. Poss. Layoffs

Mississippi County Arkansas - About 12 Layoffs

TMX Group ( International ) - Plans to Cut 100 Jobs

..

..

November 12 , 2012

Update: Wingspan Portfolio Advisors - 459 Possible Layoffs

German news agency dapd -100

The Commercial Appeal - Another Round of Layoffs?

Airlines SAS ( International ) - About 6,000 Jobs Lost

..

..

November 11 , 2012

..

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November 10 , 2012

Update: DuPont Co in Richmond VA - 64

TMX Group Ltd. - 100

Penn Refrigeration - 40

Wilkes-Barre PA - Layoffs Possible

Standard Bank Group Ltd. - up to 15% of Staff

The Art Gallery of Windsor ( International ) - 12

American Coal - 54

New Energy Corp. Indiana - Idles 40

..

..

November 9 , 2012

Mills Manufacturing NC - 68

TECO Coal Corporation - 90

Energizer Holdings Inc - 1,500

Update: Exide Technologies in Laureldale - 150

Southeastern Container - 15

Update: UtahAmerican Energy Inc - 102

The SCA plant in Barton - Plans Staff Reductions

Plexus Corp - Contract Loss Could = Layoffs

Yakima Regional Medical Center Washington - 10+

Crouse Hospital Syracuse NY - 70 Jobs

..

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November 8 , 2012

Eagle-Tribune in North Andover - 21

Ameridose LLC - up to 650 Layoffs

EMD Millipore St. Charles - Some Layoffs

Groupon - 80

Pratt & Whitney Rocketdyne - 100

Slidell La. - Warns of Possible Layoffs

Westinghouse Anniston - 50

Research in Motion Ltd. HQ - 200

Lightyear Network Solutions - 12+

The Providence Journal Co. - 23

Hawker Beechcraft - 240 Layoffs + Facility Closings

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November 7 , 2012

Boeing - 30% of Executives at Defense Unit

CVPH Medical Center - 17 Pink Slips

U.S. Cellular - 980

Commerzbank ( German ) - up to 6,000 Layoffs Poss.

Spanish airline Iberia - up to 7,000 Possible

Momentive Performance Materials - 150 Temp, Layoffs

Brake Parts LLC - 75

Gameforge Berlin - 20

Vestas Wind Systems - 3,000 More Job Cuts

Husqvarna AB - 600

ING - 2,350

Ericsson ( Sweden) - 1,550

SRA International Inc - 222 in Arlington Va.

PerkinElmer - 66 Layoffs During 3rd Quarter

Majestic Star Casino and Hotel - About 80

Center for Hospice / Palliative Care NY - 40 Temp. Layoffs

..

Dedicated Mind · #3 11-12-2012, 11:18 PM

there will be winners as well as losers in the new healthcare reality. why don't you be reasonable and look at the whole picture instead of just reporting the negative. many families will be saved with obamacare.

Monterrey · #4 11-13-2012, 01:09 AM

Just think of all those babies that will be saved because of obomination care?

Unborn babies that will now be killed with state assistance.

scotty · #5 11-13-2012, 05:20 AM

Quote:

Originally Posted by Dedicated Mind

there will be winners as well as losers in the new healthcare reality. why don't you be reasonable and look at the whole picture instead of just reporting the negative. many families will be saved with obamacare.

Seriously?? So we save some families by bringing down a nation??

Surely there is a better way.

canam · #6 11-13-2012, 05:57 AM

dm is ok with death sqauds and birth selective abortions too blue eyed babies its all part of the perfect human race plan

Sister Alvear · #7 11-13-2012, 06:06 AM

I cannot say I was for Rommey but I can say I cannot understand why any christian voted for Obama ...His plans are NOT America...and what America has always stood for...However he is just a puppet on the stage of God....perhaps the man who is putting into place the coming persecution of the REAL church....no, most Americans cannot see that for they do not know what it is like to be persecuted for their faith...they do not know what mandatory this and that are....

He is a man that in my opinion has NO fear of God...and no respect for human life...
However he just might be the one that God uses to fulfill His purpose...

deacon blues · #8 11-13-2012, 06:10 AM

Quote:

Originally Posted by Dedicated Mind

there will be winners as well as losers in the new healthcare reality. why don't you be reasonable and look at the whole picture instead of just reporting the negative. many families will be saved with obamacare.

The blind lead the blind and both fall into the ditch...