Medical supply giant Stryker announced they would lay off 1,170 workers citing the costs associated with Obamacare. By the end of the year, Michigan-based Stryker Corporation should complete its downsizing, which will result in the shuttering of two Western New York operations.

FOX News reported:

Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with ObamaCare, even though the man who inherited a fortune from the company’s founder is a fan.

The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder’s grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker does not run the company.

A “medical device excise tax” included in the mandate imposes a 2.3 percent levy on medical device manufacturers and suppliers, which critics say will raise prices on everything from pacemakers to prosthetics to stents. Companies will be required to pay the tax regardless if they have a profit or loss for the year. The tax is estimated to cost the medical device industry $20 billion.

House Republicans tried to have the tax repealed, drafting a bill called the Protect Medical Innovation Act, but the Democrat-controlled Senate has blocked the measure.

“The targeted reductions and other restructuring activities are being initiated to provide efficiencies and realign resources in advance of the new Medical Device Excise Tax scheduled to begin in 2013, as well as to allow for continued investment in strategic areas and drive growth despite the ongoing challenging economic environment and market slowdown in elective procedures,” Stryker spokeswoman Yin Becker told FoxNews.com. “The reductions and restructuring activities are expected to be substantially complete by the end of 2012.”

 

 

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  1. Fewer paying patients will be getting the necessary care they need due to ObamaCare and IPAB.

    So this makes sense.

    Bigger loss than a snack cake union.

  2. Is the owner of Strykker an Obama buddy?

  3. #2 November 16, 2012 at 7:23 pm
    Rose commented:

    Is the owner of Strykker an Obama buddy?

    The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder’s grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker does not run the company.

  4. This fool supported Teh Won and the rest of the DemonRATs in power. Way to grievously wound your company, jerk.

    If the death of Hostess doesn’t spur the lumpen proles that make up the DemonRAT party to take action against the cretins now in charge, i don’t know what will (oh wait, i do! If Frito-Lay announces that Doritos are going to go up in price due to Obamacare, that will get the losers out of Momma’s basement as soon as they can pry themselves away from their Xboxes and waddle their fat, pasty arses up the stairs. )

  5. Who will be left to pay the taxes that fund all of the promises that Obama has made?

    Romney had things wrong in one respect. Obama isn’t buying off the voters with FREE stuff. He’ giving them IOU’s that he has no intention of paying, and has no means to pay for.

    The Democratic party is victimizing it’s own supporters, and every time Obama prints more money, the promises that were already made will be made worth less, and less, and less…..

  6. I’m beginning to wonder if some of these companies who were big Obama backers aren’t purposely cutting their workforces purposely to get more people on the government dole. Maybe a stupid thought, but the Obama backers are seriously into getting Obama’s Transformation of the US into place. Obama needs takers to accomplish his goals.

  7. And the 50% of Americans that voted for Obama will say ‘Racist’ and blame it on the rich republicans demanding a run deeper into Marxism.

  8. John Roberts is responsible for this.

  9. Obama voters, you own this — you voted for this

  10. …despite the fact that the founder’s grandson was one of the largest contributors to President Obama’s re-election campaign.

    Looks to me that this guy is Exhibit A for Obie’s ideas on who constitutes “the rich”: he’s an heir to a fortune, instead of having built the company from the ground up.

  11. Jon Strker is gay, hence the Obama support. He’s got his fortune, now time to spend it on his desire to push his agenda…. thank goodness Bammy “evolved”on this issue. What a milk toast, stand by your convictions- one way or the other.

  12. I worked for the competitor. Smith-Nephew.

    I am laid off too as of September the 13th.

    We are all screwed, it will get worse and broader still.

    Obama will cause a GLOBAL collapse.

    He’s already after your guns via UN treaty bypassing all

    three branches of government. the time to prepare has come and gone.

    powder is hidden

  13. Jon Stryker is a huge lib in Western Michigan. I don’t believe he runs the company. It’s all about ideology.
    Stryker doesn’t give a rats a$$ about those laid off. It is all about the agenda and the laid off little people don’t mean a thing to these people.

  14. While their right hand are cutting and eliminating jobs by the thousands because of Obamacare, their left hand are collecting millions from government subsidies on green scam.

  15. Let. It. Burn.

    Make the Left own it.

  16. I guess the alligator isn’t going to eat them last after all.

  17. How long will it take the “people” to understand they have been screwed. They knew or should have known all the despicable things Obama has instituted but they voted him back in office anyway. Glad you got your birth control pills and abortions ladies? So what you can’t have an elective surgery because of Obamacare or lengthened the life of your parents by allowing them to get a pacemaker. Just like the stupid Hostess union workers. I demand more money and am now out of a job.

  18. SUCK IT UP O voters, you’ve brought this all on yourselves and the rest of us too!

  19. don’t blame me, i didn’t vote for him…



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