DeviceSpace.com
Medical Device and Diagnostics
News & Jobs
 
Search the Site
    
 
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login           Employers:  Register | Login  
 News | News By Subject | News By Date | Search News
Get Our Industry eNewsletter FREE email:    
 Print  Email    

Smith & Nephew Inc. (SNN) CEO Walks Back Medical Device Layoffs Claim


2/11/2013 8:33:34 AM

Smith & Nephew CEO Olivier Bohuon says recently announced layoffs aren't the result of the medical device tax, despite previous company statements linking the 2.3% levy with the cuts. Last week a Smith & Nephew spokesman told MassDevice.com that the job cuts were aimed at offsetting the impact of the tax, a 2.3% levy on all U.S. sales that went into effect Jan. 1 as part of the healthcare reform law. "The nearly $30 billion tax on medical devices that took effect Jan. 1, 2013, has impacted a number of companies across the U.S.," spokesman Joe Metzger told us. "Smith & Nephew is not immune from this added expense burden."

Read at MassDevice

 Read Article at  Related Companies  News Categories
   


ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 
    

//-->