Thursday, April 18, 2013
Nation’s Largest Theater Chain Cuts Workweek for Employees, Blaming Obamacare
Not in my movie.
Saying to express displeasure with an event or happening
The Obamacare provision that businesses with 50 or more fulltime employees must offer health coverage has claimed another set of victims, employees of the Regal Entertainment Group, which operates more than 500 theaters in 38 states. The theater chain has cut shifts of employees to 30 hours to put the chain below the threshold where the Group is required to provide health coverage. Regal, which had revenues of $2;8 billion in 2011, joins Applebee’s, Oliver Gardens, and other fast food chains and a handful of colleges in cutting employee hours. Ed Haisimaier, senior fellow at the Heritage Foundation, commented, “ If you want to have reduced work, lower wages, and economic stagnation, this is a great way to do it.”
Tweet: Regal Cinemas, with 500 theaters has cut employees to 30 hour week, to avoid Obamacare provision for covering 50 full-time employees.