45 companies annouce layoffs 48hrs. after Obama victory!

[sailingaway]

http://www.libertynorth.org/changeyeswecan.html

 

[Rudeman]

Must be the fiscal cliff.....




Right MSM?

 

[bill1971]

I wish it was a better source. I don't doubt this would happen though.

 

[belian78]

I work for US Cellular, and just two days ago we get an email saying that USC sold off a majority of their markets to Sprint. The areas in IL being sold off? Chicago, Springfield, East St Louis, Champaign/Bloomington... What areas in IL are taxes the highest to pay for social spending? Ayup.

 

[bill1971]

Now the new left mantra is if there are layoffs, it is just the company being mean or political.

 

[tangent4ronpaul]

I wish it was a better source. I don't doubt this would happen though.

The Washington Times picked this up:
http://www.washingtontimes.com/blog...n-massive-layoffs-obamacare-be/#ixzz2BkH5kfAZ

Original article:
http://www.freedomworks.org/blog/grusbf5/good-morning-america-heres-those-layoffs-you-voted

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.

-t

 

[rpfocus]

I'm certainly not in "mourning". I couldn't be happier that RMoney lost.

 

[tangent4ronpaul]

From the twitchy article:

Westinghouse,
Research in Motion, bit.ly/WDjrjp
Boeing, http://bit.ly/TbJLuY
US Cellular,
Commerzbank,
Iberia,
ING,
Ericsson,
Bristol-Myers, To Cut Nearly 500 Jobs j.mp/PHK5n8—
corning,
Boston Scientific,
Abbott Labs,
St. Jude,
Caterpillar,
CVPH Medical Center,
Lightyear Haqwker Beechcraft,
Hawker Beechcraft Hawker Beechcraft closing facilites, laying off more than 400 employees in Arkansas, AZ & TX. bit.ly/T5y1dw
Pepsi looking to layoff 4,000 workers bit.ly/Z8ApDF
Groupon lays off 80 sales employees http://www.chicagotribune.com/busin...ff-80-sales-employees-20121108,0,302142.story
Energizer Holdings to lay off 1,500, close 3 plants http://www.bizjournals.com/stlouis/news/2012/11/08/energizer-holdings-to-lay-off-15000.html?ana=twt

Oh, and any of you with large twitter followings - please fix and retweet this:

@CharlieKayeCBS @CBSNews >>>OBAMA TO HIRE ROMNEY TO FIX ECONOMY<<<—
Michael Kent (@popparollo) November 08, 2012

fixed version:

@CharlieKayeCBS @CBSNews >>>OBAMA TO HIRE ROMNEY NEEDS TO HIRE #RonPaul TO FIX ECONOMY<<<—
Michael Kent (@popparollo) November 08, 2012

-t

 

[alucard13mmfmj]

So they laid off workers because they'd make less profit? I guess that is how markets work, but it seems "unpatriotic".

Just because it increases costs for some BIG companies and CEO's get less money... they gotta lay off workers. It seemed like black mail, "hur hur hur you better vote for Romney and you better hope ROmney wins or you are fired!!"

 

[rpfocus]

So they laid off workers because they'd make less profit? I guess that is how markets work, but it seems "unpatriotic".

Just because it increases costs for some BIG companies and CEO's get less money... they gotta lay off workers. It seemed like black mail, "hur hur hur you better vote for Romney and you better hope ROmney wins or you are fired!!"

Bingo.

 

[torchbearer]

So they laid off workers because they'd make less profit? I guess that is how markets work, but it seems "unpatriotic".

Just because it increases costs for some BIG companies and CEO's get less money... they gotta lay off workers. It seemed like black mail, "hur hur hur you better vote for Romney and you better hope ROmney wins or you are fired!!"

increase in cost per employee would make me drop my workforce too.

 

[kathy88]

Now the new left mantra is if there are layoffs, it is just the company being mean or political.

I got their mantra. We're fucking DYING here idiots.

 

[tangent4ronpaul]

So they laid off workers because they'd make less profit? I guess that is how markets work, but it seems "unpatriotic".

Just because it increases costs for some BIG companies and CEO's get less money... they gotta lay off workers. It seemed like black mail, "hur hur hur you better vote for Romney and you better hope ROmney wins or you are fired!!"

http://twitchy.com/2012/11/08/layof...oin-small-businesses-in-announcing-mass-cuts/

Earlier today, Twitchy related some heartbreaking stories of small business owners laying off workers to avoid the economic impact of the Obamacare tax that isn’t a tax.

Forward! ‘Obama won, had to fire 22 employees’; Small business owners on Twitter doing same; Updated: More small biz owners attacked

http://twitchy.com/2012/11/08/forwa...-small-business-owners-on-twitter-doing-same/

-t

 

[torchbearer]

I actually encrouraged my employer to pack up shop and go Galt.

 

[Sola_Fide]

Don't worry. We are going to tax the rich now. That will bring us more jobs.

 

[idiom]

Its not the layoff's, it the reduced hours. A lot of companies are cutting hours to 30 or under to avoid triggering the Obamacare penalties.

 

[moostraks]

Wonder if since companies will be forcing employees to 30 hrs, thus using more part time employees, if this won't be spun as an improving economy? Oh sure everyone is underemployed and forced to use gov't healthcare but unemployment numbers go down so it is all in how you look at it. Ugh! I can definately see that argument being waged.

 

[AuH20]

Don't worry. We are going to tax the rich now. That will bring us more jobs.

If we taxed the rich 100%, I think we'd only buy ourselves a few months of government spending.

 

[idiom]

I hope you are all actually prepared for a world where the hard workers go galt.

 

[tangent4ronpaul]

If we taxed the rich 100%, I think we'd only buy ourselves a few months of government spending.

A while back I added up the net worth of the top 100 richest people in this country and divided it by the population. If we took ALL of it - put them in the poor house, and distributed it equally to the rest of the population, it came out to something like $3.70 for each man, woman and child. A few months is way wrong... try a few minutes.

-t