That is not what the thread is about! Your useless
Post# of 1902
That is not what the thread is about! Your useless list shows nothing of value and does not contain dates or number of new employees being hired! Some of those named might be hiring 1-5 people but balance that against the massive future layoffs.
St. Jude Medical (NYSE: STJ ) develops, manufactures, and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiology, and cardiac surgery and atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain. In August, the company cut 300 employees in order to save approximately $50 to $60 million in anticipation of the excise tax. Another 500 employees were recently laid off, with plans to reduce 5% more of the company’s 16,000 employees. St Jude is the smallest of the mentioned device manufacturers, with a 2011 revenue of $5.6 billion.
Boston Scientific (NYSE: BSX ) CEO Ray Elliott, warned that the ACA could "lead to significant job losses" for his company. Now, two years later, the company has announced it will layoff 1,200 to 1,400 jobs in the U.S., while shipping investments and jobs to China. The company's recent quarterly report didn't meet analysts' expectations, and with its stock down more than 9% over the past month, the company is hurting. The coming $174.8 million dollar excise tax will not help the situation. The company employs 24,000 people worldwide, in over 40 countries.
Alpha Natural Resources announced today that it plans on closing eight mines in Pennsylvania, Virginia and West Virginia. The company will lay off 1,200 employees.
The New York Times reported:
Alpha Natural Resources, one of the nation’s largest coal producers, announced on Tuesday that it planned to idle eight mines in Pennsylvania, Virginia and West Virginia, reducing its annual production by 16 million tons. The move will include laying off 1,200 of 13,000 employees. The company said that it was trying to meet the “evolving demands of a changing global coal market” and that it would continue selling coal in the United States while focusing new efforts on overseas markets.
The company blamed Obama’s EPA for the layoffs.
The Wall Street Journal reported:
The coal industry has been hit by competition from cheap natural gas, but Alpha made clear in its announcement that an equal problem is a Washington “regulatory environment that’s aggressively aimed at constraining the use of coal.” That’s a direct reference to the deluge of Obama Environmental Protection Agency regulations designed to force the closure of coal-fired power plants.
And yet Obama has the nerve to say he represents the middle class.