Thread: Boeing Announces Big Layoffs in Defense Division

Cigna to Lay Off 1,300 Workers Worldwide

Nov 08, 2012 10:23 PM CSTBy Erin Jones, Reporter
DENISON,TX--- One international company with local offices will be eliminating jobs.
Cigna announced November 1st that 1,300 jobs will be cut worldwide now through June 2013. A cigna rep says only a small number of these jobs will in Denison. He says most of the layoffs will occur in Europe.
"The largest impact in the United States is going to be in our home state, where our headquarters is, in Connecticut of about 200 people. Then all the other actions are going to be smaller and spread throughout all of our offices and operations throughout the United States," Cigna Corporation's Jon Sandberg said.
Cigna says they are cutting jobs in order to deliver more cost effective and efficient healthcare. Currently cigna has 35,000 employees worldwide.
Cigna to Lay Off 1,300 Workers Worldwide - KTEN.com - No One Gets You Closer

Ameridose to lay off hundreds of workers

By Matt Stout
Thursday, November 8, 2012 -
Ameridose to lay off hundreds of workers - BostonHerald.com

This one is understandable since it is the company responsible for the tainted meds.

Energizer to Slash Workforce by 10% – Or About 1,500 Jobs

Posted by Jim Hoft on Thursday, November 8, 2012, 10:20 PM

It’s an Obama world…



Energizer announced today it will layoff 10% of its workforce. 1,500 will be affected. Plants in Missouri and Vermont are slated for closure.
StL Today reported:

Energizer Holdings Inc. will reduce its global workforce by more than 10 percent — or about 1,500 employees — as the company closes three manufacturing plants and streamlines other operations.
The moves are part of a companywide restructuring plan for the maker of batteries and personal care items such as Schick razors and Playtex tampons. Energizer said Thursday it plans to save about $200 million in annual pre-tax savings through the changes.
In August, Energizer first announced that was launching a review of its operations amid sluggish battery sales and heightened competition in the razor category.
Energizer employs more than 16,000 people in 50 countries, including at its Town and Country headquarters. The number of local workers who will be affected by the downsizing is not yet known, according to a company spokesman.
“After the workforce reductions are complete, Energizer will continue to have a very strong presence in the St. Louis region and will continue to be an active part of the St. Louis business community,” Jackie Burwitz, vice president of investor relations, said in a separate statement.
She noted that employees at the headquarters work in areas such as finance and accounting, information technology, customer service and human resources.
Energizer said that about three-quarters of the savings from the restructuring plan will be used to improve profitability, with the remainder being used to invest in long-term growth.
One of the battery factories slated for closure is in Maryville, Mo. The other two are in St. Albans, Vt., and in Tampoi, Malaysia.
http://www.thegatewaypundit.com/2012...out-1500-jobs/

Coal company to lay off 156 workers in Utah, Ill.

November 9, 2012 4:25 PM ET

Coal company to lay off 156 workers in Utah, Ill.: Associated Press Business News - MSN Money

DRUDGE REPORT 2012®


COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...

Utah company fires 100, blames Obama...

CEO reads prayer to staff, announces layoffs...

CHICAGOLAND: Thousands Line Up For Job Fair...

Mourning in America - Here's Those Layoffs We Voted For Last Night


By Rusty Weiss on November 07, 2012





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.

Mourning in America - Here's Those Layoffs We Voted For Last Night | FreedomWorks

From the comments:

Erick Smith, you mention Lockheed-Martin. Well now the big layoff comes they said would happen, and o'blamer told them to wait until after the election to make the announcement which they didn't, but they are going to lay off 123,000 workers. And this obamacare will make it even more critical that they do. So sad, but at least I voted Red.
1 day 1 hour ago

We own a small business and we have 100 employees, we will lay off many and put many on part time status due to this. Ironically many of our employees voted for the man who will put them out of a job.
22 hours 58 min ago

First Ever City Job Fair Leaves Many Frustrated With Hiring Process

November 9, 2012 6:47 AM

First Ever City Job Fair Leaves Many Frustrated With Hiring Process « CBS Chicago

Papa John's CEO John Schnatter Says Company Will Reduce Workers' Hours In Response To Obamacare

Murray Energy Corp. CEO Enters 'Survival Mode' After Obama Reelection, Announces Layoffs

http://www.alipac.us/f19/vegas-emplo...loyees-266880/