Little-Acorn
08-01-2011, 07:12 PM
A longtime American medical-device maker is firing 1,400 workers, and creating 1,000 "new" jobs... in China.
And the company is doing it to be able to work in an environment that has LESS GOVERNMENT OVERSIGHT.
Yes, you read that right. Now that Obamacare is taking effect, they are finding there is "less government oversight" in **Communist China** than in the United States of America.
Hope and change, all right.
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http://nation.foxnews.com/obamacare/2011/07/29/obamacare-fallout-boston-scientific-firing-1400-workers-hiring-1000-china
Obamacare Fallout: Boston Scientific Firing 1,400 Workers, Hiring 1,000 in China
By Robert Weisman, Globe Staff / July 29, 2011
Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.
The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based. In February 2010, Boston Scientific said it would pare 1,300 jobs worldwide, but similarly did not say where.
Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.
And the company is doing it to be able to work in an environment that has LESS GOVERNMENT OVERSIGHT.
Yes, you read that right. Now that Obamacare is taking effect, they are finding there is "less government oversight" in **Communist China** than in the United States of America.
Hope and change, all right.
---------------------------------------
http://nation.foxnews.com/obamacare/2011/07/29/obamacare-fallout-boston-scientific-firing-1400-workers-hiring-1000-china
Obamacare Fallout: Boston Scientific Firing 1,400 Workers, Hiring 1,000 in China
By Robert Weisman, Globe Staff / July 29, 2011
Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.
The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based. In February 2010, Boston Scientific said it would pare 1,300 jobs worldwide, but similarly did not say where.
Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.