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 Anaplan
White Papers
Provided by UJET
Further Reading
Finance rarely sees jury duty or bereavement as risk. They’re payroll line items. Until courts link them to USERRA military leave –...
There’s no need to panic if you or one of your staffers discover they’ve made mistakes with your company’s 401(k) plan.&nb...
Today’s economic conditions have placed most working Americans in a tight spot unlike anything since the Great Depression. And it’s...
A new proposed rule from the Department of Labor’s Employee Benefits Security Administration outlines how 401(k) fiduciaries must assess ...
Employee experience – including employee mental health – has become a higher priority for many organizations, according to rese...
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After al...
