... 400 are about to board the unemployment train.
In the largest staff reduction in its nearly 100-year history, Orlando Health is cutting up to 400 jobs starting immediately, hospital system officials announced Monday.
The move is part of a broader effort to position the hospital system for the health-care overhaul, CEO Sherrie Sitarik said.
The elimination of jobs will occur in two phases and represents a 2 percent to 3 percent reduction in the system's 16,000-person work force, said Orlando Health spokeswoman Kena Lewis. The cuts affect all departments and all eight of the system's hospitals, including Orlando Regional Medical Center and Arnold Palmer Hospital for Children, two of the system's better-known facilities.
Charles Idelson, spokesperson for National Nurses United, the nation's largest union of nurses, agreed that hospitals are facing financial pressures.
"Reducing services or laying off people who are providing hands-on care is very harmful. One wonders what their mission is."
... 2000 jobs in the medical device manufacturing industry have been lost in the last 3 months.
Way to go shooting one of the nation's leading industries in the foot.
Benjamin Fox, a GE Healthcare spokesman, told the The Barre Montpelier (Vt.) Times Argus: “While GE Healthcare regrets the loss of any jobs, the business needs to make tough decisions in the current economic climate.”
The company gave similar reasons Nov. 16 when it announced plans to cut 2 percent of its workers in Wisconsin. The move is part of efforts to “streamline its structure and reduce costs,” according to a company statement to The Business Journal.
The numbers to be laid off in metro Milwaukee are larger because of the larger work force here of about 5,000 employees. They are at plants and offices in Milwaukee, West Milwaukee, Wauwatosa and Waukesha.
GE Healthcare said it will try to place affected Wisconsin and Vermont employees in roles elsewhere in the company.
The Burlington (Vt.) Free Press reported that in January GE Healthcare employed about 527 people. The South Burlington facility was founded as the medical software producer IDX Systems that GE Healthcare bought in 2005 for $1.2 billion.
The medical device industry announced more than 2,000 layoffs between July 13 and Sept. 13 this year and several companies cited a new medical device tax as a factor in the decision to make cuts, according to massdevice.com.
The Affordable Care Act includes a 2.3 percent excise tax that starts in January 2013.
Tom Gentile, president and chief executive officer of Wauwatosa-based GE Healthcare Systems, told The Business Journal in September that the tax will cost between $100 million and $150 million.
... hundreds of millions of taxpayer funded R&D is about to end up in Chinese hands.
Should have funded NASA instead of these idiotic "green" projects.
A123 bankruptcy financing gets final approval
By RANDALL CHASE
AP Business Writer / November 26, 2012
WILMINGTON, Del. (AP) — A Delaware judge is giving final approval for Chinese auto-parts maker Wangxiang Group to provide $50 million in bankruptcy financing for battery maker A123 Systems.
A123, which makes lithium ion batteries for electric cars, sought bankruptcy protection last month after receiving more than $130 million of a $249 million Department of Energy grant it was awarded.
Milwaukee-based auto-parts maker Johnson Controls Inc. has offered $125 million for the automotive assets of Waltham, Mass.-based A123, which Wangxiang also is eyeing. Bids are due Dec. 4.
A123’s chief financial officer told an attorney for the U.S. bankruptcy trustee before Monday’s hearing that the company has not received any other bids, but that other parties have expressed interest in the company’s non-automotive assets. A123 also makes batteries for commercial and grid storage applications.
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