Tuesday, April 16, 2013

Movie Time

2014 is in countdown mode and Obamacare claims another victim. Regal Entertainment Group (movie theater's) issued this terse but to the point memo to their employees.
“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.”

In case you were wondering how this news was received.
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.  
DC isn't the only place with sequester's.

“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.

This Obamacare job cut nonsense is playing out like a Saturday movie serial.
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