Posted on 07/02/2012 5:43:40 PM PDT by george76
Stryker Corp. is preparing to lay off area workers as it winds down the local operations it acquired from Gaymar Industries. Stryker has filed a notice with the state Department of Labor that it will lay off 11 area employees starting Sept. 21.
...
Stryker has put the Orchard Park location up for sale for $3.9 million, through Pyramid Brokerage's Buffalo office.
Stryker said it was closing the Gaymar operations in the Buffalo Niagara region and relocating its production lines as part of a broader strategy to cut the size of its workforce and reduce its annual pretax operating costs by more than $100 million, starting in 2013.
(Excerpt) Read more at buffalonews.com ...
Prepare yourselves for more of this.
The fortune of Pat Stryker — Colorado Democrats’ personal sugar momma — comes from the Stryker Corporation, a company started by her grandfather that specializes in medical equipment. Stryker has used that money to spend millions propping up liberal attack groups and make extensive donations to Democrats.
It’s unfortunate that Pat Stryker’s political advocacy is killing jobs for hard working employees who weren’t lucky enough to inherit a 10 figure fortune. And those on the left wonder why we denigrate limousine liberals...
If Stryker does an across-the-board cut of its 2,250-person Kalamazoo-area workforce, about 112 local workers would lose their jobs. About 1,002 of its worldwide workforce would be cut.
“It’s unintended, but not unpredictable,” Owens said. “The layoffs next year at Stryker because of the law will affect a lot of families in the Kalamazoo area, including the families who depend on the local small businesses.”
Owens said local restaurants, delicatessens, markets, gas stations, barber shops and other small retailers will be affected by the potential loss of Stryker employees
http://www.mlive.com/business/west-michigan/index.ssf/2011/11/stryker_corp_layoff_plans_stri.html
I thought this was related to the Stryker military vehicle at first. An obozo supporter going down the tubes bothers me not.
Pat Stryker and her siblings ...
Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth of political connections.
Abound announced Thursday that it will file for bankruptcy protection after drawing $70 million for a $400 million Energy Department loan made through President Obama’s stimulus package. Abound is the fourth stimulus-backed company to declare bankruptcy, following Solyndra in August 2011, Beacon Power later that year, and battery maker Ener1 in January.
Abound had to remove an entire rooftop of defective solar panels from the headquarters of one of its top investors, Bohemian Companies, a venture capital firm owned by Pat Stryker.
Stryker is particularly noteworthy, given her extensive ties to Democratic causes and politicians, including President Obama. Like so many beneficiaries of the green energy portions of the stimulus, Abound enjoyed significant political clout.
Stryker made Forbes’s 2011 list of the country’s top liberal political spenders
http://blog.heritage.org/2012/06/28/another-stimulus-backed-green-energy-company-goes-bankrupt/
Oh, there we go again, with the trust fund babies.
Thanks george76.
Riffing 11 people and selling a $4M building won’t make a dent in the objective of cutting operating costs by $100M per year. More to come...
They would lose more than that in attrition throughout the year. As if they can't relocate those 11 employs from the article. And why the heck would they need to file anything with the labor dept. over 11 jobs. Seems much ado about nothing.
The bigger story here is that they had to file with the state dept to lay off 11 people. Govt at all levels and in all areas is completely smothering freedom.
I prefer Zimmer instruments anyway.
Thanks for the ping. Also shows how many times those who don’t make their fortune but inherit it tend to waste it away.
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