1,300 jobs @ Invacare on the line..
1,300 Invacare employees at risk to lose jobs
Published: Thursday, December 24, 2009
By MEGAN ROZSA
ELYRIA — If a new tax on medical devices, which is part of a health care reform bill, passes through the Senate today, roughly 1,300 employees at Invacare Corp. in Elyria are in danger of losing their jobs.
Invacare, based in Elyria, is the world's largest manufacturer of home medical products such as wheelchairs, home care beds, oxygen machines and bathroom aids. Invacare Chairman and Chief Executive Officer Mal Mixon said Invacare is a Fortune 500 company and most of its customers are older Americans with disabilities. However, Invacare is also international.
The proposed bill imposes a yearly sales-based fee on all medical device manufacturers. The fee would raise $2 billion annually and will help pay the cost of providing more people with insurance.
Mixon said passage of the bill would force him to cut salaries and benefits, and possibly ship jobs overseas.
"The government is socking a big tax on a company that is trying to do good," Mixon said. "We're the answer, not the problem. It makes us cough up $20 million for 10 years to help pay for added coverage."
Answer by tnmomofive at 8:49 AM on Dec. 28, 2009
Answer by tnmomofive at 8:50 AM on Dec. 28, 2009
Answer by thehairnazi at 8:52 AM on Dec. 28, 2009
Hospira is a pharmaceutical company in NC. It used to called Abbot Labs. They are looking into moving lot, stock and barrel off shore. The rumors started with the first vote in the House. This is one huge cluster f**k!.
Answer by jesse123456 at 8:54 AM on Dec. 28, 2009
Answer by ronjwake at 8:57 AM on Dec. 28, 2009
Answer by Carpy at 8:58 AM on Dec. 28, 2009
Answer by ronjwake at 8:59 AM on Dec. 28, 2009
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Answer by 360 at 9:46 AM on Dec. 28, 2009
Answer by mancosmomma at 9:55 AM on Dec. 28, 2009