Results of who got elected for the next 4 years.
Many businesses are going to only part time, if they can even stay in business.
And – this is just a PARTIAL list --- Look around your city, your county, your state!
ING Corporation - announced 350 layoffs just 10 minutes after Mitt Romney gave his concession speech.
Boeing - announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Lockheed Martin is laying off 123,000 workers just weeks before Christmas.
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.
Dna Holding Corp. - 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 CEO Ray 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 warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs.
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
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."
The American retailer in Cincinnati, Ohio recently was reported to be planning a significant slashing of their hourly workers. According to the source, Obamacare could result in tens of thousands of Kroger employees being limited to working 28 hours per week.
November 8 , 2012
November 7 , 2012
November 8 , 2012
November 7 , 2012
This might give employers a little more information on obamacare….
There WILL be huge layoffs and business closings!
Friday, November 9, 2012
To get all the picture, scroll down to the bottom!!!
Posted by John MacHaffie at 7:12 PM