Well, the Obama magic is still at it. This is, by no means, comprehensive. This is just a little info from our friend Latitude.
Here’s a short list of companies announcing layoffs.
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York
Dana Holding Corp.
A global auto parts manufacturing company in Ohio known as Dana Holding Corp.
One of the biggest medical device manufacturers in the world
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.
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
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 and Kroger
Boeing has announced a major restructuring of its defense division. Along with the announcement came news that the firm will cut 30 percent of management jobs from 2010 levels. The company will also close facilities in California and consolidate several business units to cut costs.