Nonsequitur: Layoffs Again (Again)

November 16, 2012

In my earlier posts, I forgot to mention Medical Equipment companies announcing layoffs:

Welch Allyn — a manufacturer of medical diagnostic equipment — which says it will cut 275 employees, about 10 percent of its workforce, over the next three years.

Stryker — a medical device manufacturer — which plans to slash 5 percent of their global workforce, about 1,170 positions.

Boston Scientific — a medical device manufacturer — said it plans to cut between 1,200 and 1,400 jobs, while shifting investments and workers overseas to China.

Medtronic — a medical device maker — which cut 500 positions over the summer, with 500 more set to be eliminated by the end of 2013.

Other companies planning cuts: Smith & Nephew — 770 layoffs; Abbott Labs — 700 layoffs; Covidien — 595 layoffs; Kinetic Concepts — 427 layoffs; St. Jude Medical — 300 layoffs; and Hill Rom — 200 layoffs.

The Affordable Care Act (Obamacare) includes a tax specific to medical device manufacturers (2.3% on device sales).

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