Government is AWESOME! New fees cause company to cut costs by laying off 5% of workforce

[k.smith904]

They could easily cut CEO salaries, or elsewhere.


The old "if you regulate us we'll fire you" excuse is total bs.

[MIKEETC]

This article has more details:

Stryker Corp.'s plan to cut its workforce may mean 112 jobs lost in the Kalamazoo area; market slowdown, new excise tax has it looking for $100 million in cost savings | MLive.com

[ambient]

Originally Posted by Memphis1979

Stryker, the Kalamazoo-based maker of artificial hips and knees, will cut 5% of its global workforce by the end of next year to reduce costs in the face of new fees on device makers required by the U.S. health care law.

You did read the bolded word above, didn't you?

No American jobs will be cut, I know people that work for Stryker, I lived in Kzoo for over two years.

So according to you, America is not part of the globe? I think you should consult a map.

[Quick Enough]

Originally Posted by J746NEW

Looks like Stryker would be hurting a lot worse, were it not for their sugar daddy gov to prop them up.


Stock:Stryker (SYK))

Are you saying a company that provides a product should not be paid?

[Katarina Witt]

Originally Posted by Speleothem

That's called planning.
(Businesses do stuff like that.)

No business lays people off if demand for their product is stable or increasing. If demand is decreasing, they will lay off production workers.

[Mircea]

Originally Posted by Katiana

No business lays people off if demand for their product is stable or increasing. If demand is decreasing, they will lay off production workers.

Not in a non-union shop.

A non-union company will cut back everyone's hours, so that no one is laid off and everyone gets to work 32-38 hours and at least get something.

Originally Posted by Quick Enough

Are you saying a company that provides a product should not be paid?

No, I think he meant that the company derives a lot of its revenues from Medicaid/Medicare.

In the US, health care is a lot like cars. Everyone wants the Ferrari or Bentley, but no one wants the Yugo or the Chrysler K-Car.

Worse than that, a lot of people want the Mercury Bobcat, instead of the Ford Pinto, even though the Bobcat is just a Pinto with a different grill.

Even when you offer people a Toyota Camry, they want the Maserati.

If you can afford that stuff, fine, but if you can't, then beggars can't be choosers.

A lot of what Stryker sells are Maseratis, Ferraris and Bentleys.

But then they are also on top of cutting edge medical technology. When technology first comes to the market, it is usually really expensive, and then over time the price declines. I paid $750 for a Toshiba four-video head, two audio-head VCR, but just about 6 years later you could buy them for $95 (yeah, I felt stupid sort of).

[Katarina Witt]

Originally Posted by Mircea

Not in a non-union shop.

A non-union company will cut back everyone's hours, so that no one is laid off and everyone gets to work 32-38 hours and at least get something.

Not always.