Posted on 04/17/2013 11:59:19 AM PDT by grundle
Monday, Regal Entertainment Group, the largest movie theatre chain in the country, announced that thousands of employees will have their work hours cut -- as a direct result of the added cost of the new ObamaCare mandates that become effective later this year.
In a memo to employees, management was blunt: “To comply with the Affordable Care Act, Regal had to increase our health care budget to cover those newly deemed eligible based on the law's definition of a full-time employee.”
Fox News reports that, as a result of cutting employees' work hours (which is, of course, the same as a pay cut), full-time Regal managers have resigned in "a wave" after their hours and pay checks were slashed by as much as twenty-five percent.
The manager told FoxNews.com ObamaCare has had the unintended consequence of taking food off his table.
“Mandating businesses to offer health care under threat of debilitating fines does not fix a problem, it creates one," he said. "It fosters a new business culture where 30 hours is now considered the maximum in order to avoid paying the high costs associated with this law.
“In a time where 40 hours is just getting us by, putting these kind of financial pressures on employers is a big step in a direction far beyond the reach of feasibility for not only the businesses, but for the employees who rely on their success," he said.
In order to avoid the added cost of providing health insurance for employees working 30 hours a week (as ObamaCare mandates), it only makes sense for companies to schedule employees for 29 hours. So anyone who was working full-time is now being hit with a 25% pay cut.
(Excerpt) Read more at breitbart.com ...
I'm sure he thought he'd get it passed then be a 1-termer and not have to deal it.
“If you like your health care plan, you can keep your health care plan.” Barack Obama on Tuesday, August 11th, 2009 in a town hall meeting
“The manager told FoxNews.com ObamaCare has had the unintended consequence of taking food off his table.”
How does he know it was unintended?
That was unexpected. Who could have guessed that raising the cost of a full-time employee by more than a dollar an hour would reduce the number of full time employees? It’s almost like taxing a behavior discourages that behavior.
We should start calling this DemocratCare
B Hussein will spin this as evil capitalists exploiting the masses, necessitating the need for even more government control over businesses.
Or “Obamacare: The Democrat’s answer to a question no one asked”
“Regal managers have resigned in “a wave””
If they can afford to do that, then I guess they don’t need the job. I would work it part time, if I were close to the city, and qualified-I hope there are plenty of qualified, unemployed people willing to work part time for Regal.
Epic Move
We received a message identical to this and try as they would, they couldn't be reassuring. We have no idea what's going on except that everyone is very anxious.
Nah, they will run down to their local SSI office and get a Obama-fan/Empoloyee to sign them up for Long Term Disability.
“The manager told FoxNews.com ObamaCare has had the unintended consequence of taking food off his table.”
There is NOTHING “unintended” about ANY of this nightmare.
Was his nose growing longer at the time? He would not tell a lie would he? Am I being sarcastic enough?
But look at how it will help the unemployment numbers... People will need to get a second job, and that will just help the numbers!
All part of Bammy’s plan to “fundamentally change” the USA!
Mark
IIRC the hedge fund that owns Regal is owned by a big Obama supporter.
Anyone who complains about his hours being cut — I’d ask FIRST whether or not he voted for obama.
I’d make sure the message is getting across loud and clear that THIS is what obama voters voted for.
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