Post-election layoffs in the face of Obamacare
President Obama’s healthcare reform is now no longer a what-if scenario. And now some companies are making tough decisions.
Freedom Works compiled a list of some companies that, upon hearing news of Obama’s reelection and assumed upholding of Obamacare, are making major layoffs.
The list includes:
- Welch Allyn: 275 employees over the next three years as a proactive response to the Medical Device tax.
- Dana Holding Corp: This Ohio auto-parts manufacturer is looking at $24 million in health care expenses and equate to numerous cuts in their current workforce of 25,500 worldwide.
- Medtronic: This medical device maker 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.
Even more…
- Smith & Nephew – 770 layoffs
- Abbott Labs – 700 layoffs
- Covidien – 595 layoffs
- Kinetic Concepts – 427 layoffs
- St. Jude Medical – 300 layoffs
- Hill Rom – 200 layoffs
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
Environmental, social and governance (ESG) ratings of companies was never as popular as many in the media made it out to be. And the more t...
The Department of Labor (DOL) is once again taking a neutral stance on offering a certain investment option to retirement plan participants...
Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who m...
Year after year, surveys show about half of all employees don’t tap their allotted personal time off (PTO). While some companies allo...
If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers ...
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of ...
