Thanks Barack.
London-based Smith and Nephew laid off 100 people in Tennessee and Massachusetts thanks to Obamacare.
MyFOXMemphis reported:

CBS Local reported:

A medical company is blaming President Obama’s health care law for the layoffs of nearly 100 people.

Smith & Nephew says a 2.3 percent excise tax on medical devices in the “Obamacare” law caused the layoffs in the Memphis and Andover, Mass., offices.

“The nearly $30 billion tax on medical devices that took effect Jan. 1, 2013, has impacted a number of companies across the U.S.,” the company said in a statement to WHBQ-TV.

Joe Metzger, senior vice president of corporate communications for the company, tells the Memphis Business Journal that they were “not immune” to the tax burden.

“Unfortunately, and in order to absorb this cost burden into our business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites,” Metzger told the Business Journal. “The company is providing the affected employees with a comprehensive severance package and outplacement support.”

 

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  1. this has meant less than 100 positions have been made redundant across various departmental functions

    How can a tax render positions redundant? Sounds to me like they are scapegoating.

  2. This means, Shadow, that the heavy taxes ObamaCare is levying on medical devices will drive down the number of them used, so the company, having less business, will have less work, meaning that they need fewer workers. “Redundant” is a sort of newspeak term in employment circles for “unnecessary due to inadequate demand for work”

    BTW, you are often redundant. Would you please lay off.

  3. Drudge ain’t skeered uh no obama threats.

    Warns against photoshopping image…
    DRUDGE REPORT 2013®

    obama goin’ after dem pesky skeets

    http://www.drudgereport.com/

  4. I wonder who loaded and cocked that assault rifle obama was shooting skeeters with…..

  5. Dems in general don’t understand that when the govt takes money from business(taxes) that is earned income that business no longer has to use. Be it increased value for the shareholders/owners or payroll for ee’s, the business no longer has it. There will be consequences effecting the business–could be minor but could be major. This co has chosen to reduce ee’s in facing this consequence.
    I think Obamaites do understand this and want to cause these consequences since it is their goal to reduce the private sector and increase the govt sector.

  6. ““Unfortunately, and in order to absorb this cost burden into our business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites”

    Huh? Absorbing costs makes 100 positions redundant?

    Makes zero sense. Another republican blaming Obama on his failures.

    Especially when you weigh in that he is about to get 30 million new customers to use his devices.

    I am not buying it for a second. Sounds a lot like that lunatic running the mine in Ohio that laid off workers after Obama was reelected only to hire them back the next month.

    I hate to break the news but the stock is booming. Booming. Profits are way up. This guy is a fakir.

  7. #6 February 2, 2013 at 10:35 am
    cavt commented:

    “Dems in general don’t understand that when the govt takes money from business(taxes) that is earned income that business no longer has to use.”

    That business has 30 million new customers. And 30 million more Americans have health insurance. And 30 million more Americans will be more productive.

    Tax away ObamaCare. It’s well worth it. And the voters agree.

  8. If i had businesses in several states that will suffer because of medical taxes,i would close down the ones in states that carried Obama.

  9. #9 February 2, 2013 at 10:51 am
    chas commented:

    “If i had businesses in several states that will suffer because of medical taxes,i would close down the ones in states that carried Obama.”

    And that is exactly why you don’t have businesses in several states. You know nothing about business. Nada.

    And my state is doing just fine with the medical device tax. The companies here are smart enough to realize they just got 30 million new customers and are ramping up production.

    Thanks to ObamaCare. Jobs and 30 million new insured.

    Can’t wait til full implementation. Not long to go. 11 short months.

  10. #3 the heavy taxes ObamaCare is levying on medical devices will drive down the number of them used,

    Oh yeah, like last year, when I sprained my ankle and had to pay $40 for a pair of crutches. Lord knows that had they cost $41, I would have been forced to pass on the crutches and would have imstead hopped around on one foot for 2 weeks.

    “Redundant” is a sort of newspeak term in employment circles for “unnecessary due to inadequate demand for work”

    No, that is called a layoff. Rendundancy occurs through corporate consolidation, like when two seperate subsidiaries are combined and the new entity has two CEOs, COOs, CFOs, etc, but only need one of each.

  11. Obamacare, huh?

    Smith & Nephew to cut 800 jobs worldwide
    Medical devices group Smith & Nephew is to cut 800 jobs worldwide as part of a $150m (£94.9m) cost cutting exercise.

    02 Feb 2012

    Announcing full-year results, the company said it would lose 7pc of its workforce. One-off costs associated with the restructuring and the cost of a US corruption investigation resulted in group profits falling 5.3pc to $848m (£536m).

    For the first time the company detailed the full scale of job cuts. Over three years the company said it planned to lose around 800 staff from its 11,000 headcount.

  12. jharp’s on a roll.

    So the company has 30 million POTENTIAL customers. If you’d ever get out of your Mom’s basement (which your constant infantile whines clearly show you have not) you’d know compaines have to WORK to get new customers. Those POTENTIAL customers will not automatically go to Smith & Nephew (unless your god, Obama, tells them to).

    BTW, once you get off the dole and have to work for a living, YOU may become one of those 30 million.POTENTIAL customers. Try putting three working neurons together and think about that.

  13. Home Depot Corp. in ATL made more austerity cuts last week after at least two or three years of deep cuts. Even those who made earlier cuts were let go last week, some having worked for HD for two decades.

    You cannot say these types of drastic cuts aren’t the result of Obama’s policies and the Democrats’ refusal to enact laws that would allow our economy to grow. Obama wants it this way, he wants panic, he wants failures, he wants crisis. He is a two bit dicatator who should be ruling some stinky African nation, not the greatest country in the world.

  14. I can’t wait until you leftist punks feel the full brunt of this disaster.

    Me? I’ll be the one over here completely off the medical grid as my providers are already moving towards private pay.

    I hope you die a slow and painful death brought on the behemoth government you champion. You deserve nothing less.

  15. I hope you die a slow and painful death brought on the behemoth government you champion. You deserve nothing less.

    Liberals are just so full of hate. /sarc

  16. Shadow and jharp:

    I am a physician. You are both completely wrong in your support of this socialist takeover of medical care. You keep spouting that 30 million people are going to be insured, as if that equates to having actual medical care. Your lack of understanding either shows you do not comprehend anything above the level of a three year old, or you are part of the leftist propaganda cabal working to fool people into putting on their own chains of economic and political slavery.

    Obamacare adds 16,000 new IRS agents, but does not add a single physician, nurse practitioner or physicians assistant. So please tell me how Obamacare will provide a physician to see any of these 30 million newly insured people. Please tell me how adding 16,000 new IRS agents and a gigantic bureaucracy with the integral inefficiencies inherent in government systems will do anything to cut the cost of healthcare?

    You are both selfish, lazy, uncomprehending buffoons spouting leftist diatribes either because you are too ignorant to understand the blatant lie of Obamacare, or you are so full of envy, rage and a hunger to “get even” with those who have earned more than you have that you don’t mind destroying the Constitution and our nation to sate your jealous hunger.

    There is already a projected shortage of 90 THOUSAND physicians in the US by 2020. Do you honestly believe that Obama, Reid, Schumer, Pelosi, Durbin and the rest of those evil rich leftist thugs can simply legislate more quality physicians into existence to suddenly start seeing patients? I already have to fly between 2 cities 7 hours apart by ground to see patients in 3 different hospitals. It takes 14 YEARS to train someone to be the kind of physician I am. I know Obama is very impressed with his inflated ego, and his syncophants like you two seem to believe he defecates marble and gold at will, but there is this little concept called REALITY with which you may want to become familiar.

    Obama and his leftist ilk are truly evil, and their followers are insane or totally stupid. Either way, if enough real Americans do not vote over the next 8-10 years in a consistently conservative pattern to allow the overturning of Obamacare and the re-engagement of constitutional principles, the US will be joining the USSR on the ash heap of history.

  17. @#19 Pete

    Amen.

    Liberal partisans are infamous for denigrating anyone who thinks contrary to them (“stupid” is one of their favorite epithets for conservatives). However they have shown again and again that they themselves are ones especially incapable of learning. When the US health care system craters some years from now I predict they will blame it on Bush, or tsunamis or whatever, anything but the thorough-going garroting administered by Obama, Pelosi, Reid and posthumously Kennedy.



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