Friday, December 14, 2012

Medical Companies preparing for layoffs

Andre DiMino has been running medical device company ADM Tronics since his father, who founded the decades-old firm, died in 2001. He's never laid off anybody. 
"These people are like family with us," he said. The boss might not be able to hold out much longer. Come Jan. 1, an ObamaCare-tied tax specific to his industry is expected to go into effect. Though the Obama administration has downplayed the impact, DiMino calls it "devastating. " 
"I think after all of these decades of not laying people off, I think we may have to face that," DiMino told FoxNews.com. He predicted he might have to immediately lay off three people in his manufacturing division and possibly more after that. 
[...]
While DiMino is waiting for next year to see if he'll need to fire workers, over at Uresil, LLC, in Skokie, Ill., the layoffs have already started. The company laid off six people from its 52-person workforce this year, "primarily related" to the tax, President Lev Melinyshyn said.
And there's lots more. Read the whole story HERE.

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