Medtronic: big time NPR sponsor.
How ironic: “... the company plans to hire 1,500 workers over the next 11 months. Many of the new hires will work in faster-growing markets overseas...”
My aortic pig valve came from Medtronic.....sure hope they don’t pull the warranty or tech support on it.......
:-)
(oink, oink, oink)
I predicted this more than a year ago.
Obamacare’s tax on medical devices and the looming imposition of “price controls” means hospitals and other medical groups will not spend greater amounts for “next generation” devices such as dialysis systems.
Instead, the restricted spending will mean only currently approved devices will be replaced by currently approved devices.
Medical device manufacturers will need to squeeze increasing profit from current devices. The best way to do that is to outsource manufacturing to low-cost countries like China and India.
So, the United States loses manufacturing jobs in a very high-tech area and patients will be deprived of devices that result in longer lifespans or reduced fatalities.
Anywho, if anyone out there in FReeperland has any med devices or other electronics that chew through 9v batteries, I have 50 of them - unused - that I no longer need.
They were intended for a bone growth stimulator that I was prescribed after an auto accident.
They all test at 9.05V, have been stored in a dark/dry cabinet, and someone may as well get some use from them.
FReepmail if you've any interest.
My uncle inherited $30K in 1962 when his mother, my grandmother died. He dumped most if it into a small company near Minneapolis a friend of his recommended. In 2004 when he died it was worth about 2MM
This move appears to be nothing but moving the jobs into a cheaper labor market.
Just prepping for obamacare.
Expect to see a lot more of this in the coming months.
Maybe they can all get jobs working for Al Franken. He knows everything.