←  The Lounge

Doghouse Boxing - Dog Pound

»

Companies Plan Massive Layoffs As Obamacar...

Stinky Nuts's Photo Stinky Nuts 09 Nov 2012

http://www.freedomwo...yoffs-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.
Quote

ShameLess's Photo ShameLess 09 Nov 2012

Mane sign me up
Quote

Smelodies's Photo Smelodies 11 Nov 2012

@maguirekevin: Papa John's firing employees because of Obamacare. This is the cheap fuck's house.  http://t.co/BMU8LH32

Papa John doesn’t want you to have health care, lives in 40K square foot home, 22 car garage, underpays his employees
Quote

Rocket Pop's Photo Rocket Pop 11 Nov 2012

Grrrrrr!! That's 11 cents more than I'm willing to pay for this shithead's pizza.
Quote

Johnny Hopper's Photo Johnny Hopper 11 Nov 2012

 Smelodies, on 11 November 2012 - 07:30 PM, said:

@maguirekevin: Papa John's firing employees because of Obamacare. This is the cheap fuck's house.  http://t.co/BMU8LH32

Papa John doesn't want you to have health care, lives in 40K square foot home, 22 car garage, underpays his employees

He didn't get in that mansion by giving money away and making shitty business decisions.
Quote

Rocket Pop's Photo Rocket Pop 11 Nov 2012

No he has that house because he works that much harder than his employees.
Quote

Johnny Hopper's Photo Johnny Hopper 11 Nov 2012

 Rocket Pop, on 11 November 2012 - 07:58 PM, said:

No he has that house because he works that much harder than his employees.

I'm sure his job encompasses a little more than putting a pizza in an oven and taking orders on the phone.
Quote

Smelodies's Photo Smelodies 11 Nov 2012

 Johnny Hopper, on 11 November 2012 - 07:51 PM, said:



He didn't get in that mansion by giving money away and making shitty business decisions.

Bill Gates and now George Lucas give a ton of money away. Do they make shitty business decisions?
Quote

Rocket Pop's Photo Rocket Pop 11 Nov 2012

Shitty business decisions is entering the political arena. I've ordered PJ's before but I won't now and bet I'm not the only one.
Quote

Johnny Hopper's Photo Johnny Hopper 11 Nov 2012

 Smelodies, on 11 November 2012 - 08:12 PM, said:

Bill Gates and now George Lucas give a ton of money away. Do they make shitty business decisions?

What in the hell are you talking about?
Quote

crafty's Photo crafty 13 Nov 2012

.
Quote

Willikn's Photo Willikn 13 Nov 2012

Yeah!

That Papa Johns guy isn't fair!  What's he do all day anyway?  His job is easy.  He just has to pay tens of thousands of employees.  All he has to do is support countless families with income.  It ain't fair.  He shouldn't be allowed to be rich.  Everyone should have the same amount of money.

I think I'll come up with my own kind of government where it doesn't matter what job you have, everyone gets the same.

What will I call it?
Quote

Rocket Pop's Photo Rocket Pop 13 Nov 2012

 Willikn, on 13 November 2012 - 10:25 AM, said:

Yeah!

That Papa Johns guy isn't fair!  What's he do all day anyway?  His job is easy.  He just has to pay tens of thousands of employees.  All he has to do is support countless families with income.  It ain't fair.  He shouldn't be allowed to be rich.  Everyone should have the same amount of money.

I think I'll come up with my own kind of government where it doesn't matter what job you have, everyone gets the same.

What will I call it?

Don't be stupid. Guys like that would get rid of minimun wage if they could and import foreigners to pay them in breadsticks. They have to be kept in check whether they like it or not. He can afford it to provide health coverage by the looks of it and that's what he's gonna have to do. Fuck him! No changes even occur yet. He's just being a bitch because his team lost like the people threatening to secede (jerkoff monkey emoticon). I would most like to kick him in his balls.
Quote

Rocket Pop's Photo Rocket Pop 13 Nov 2012

Reducing workers hours will have consequences. He will have a higher turnover rate for younger, less enthusiastic workers. and he can also choose to pay the penalty instead of reducing hours but that he's a scumbag.
Quote

Willikn's Photo Willikn 13 Nov 2012

 Rocket Pop, on 13 November 2012 - 10:36 AM, said:

Don't be stupid. Guys like that would get rid of minimun wage if they could and import foreigners to pay them in breadsticks. They have to be kept in check whether they like it or not. He can afford it to provide health coverage by the looks of it and that's what he's gonna have to do. Fuck him! No changes even occur yet. He's just being a bitch because his team lost like the people threatening to secede (jerkoff monkey emoticon). I would most like to kick him in his balls.

The principles of capitalism suggest that the existence of Dominos, Pizza Hut, Little Caesars, and all manner of local establishments will "keep this jerk in check" so to speak.  The principles of communism suggest that government should do this.  Fk him you say?  If men like this decide to take their ball and go home, who is it that gets fk'd?  Him, or the thousands he employs?  If he's so damn evil, how is it he's able to staff sooo many restaurants?  Man.. if folks listened at all, you were told this was coming if the Obamacare crap went through.  Now that it is here, it seems folks are surprised for some reason.
Quote