The Largest Movie Theater Chain Cuts Employee Hours Because Of Obamacare
Regal Entertainment Group has over 500 theaters in 38 states and the company has announced that it’s going to cut back the hours of non-salaried workers to 30 or less because of Obamacare. Here’s some of what the company said in a memo to managers about the cutbacks.
“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. To manage this budget, all other employees will be scheduled in accord with business needs and in a manner that will not negatively impact our health care budget.”
Regal Entertainment is not the first company, nor will it be the last that will cut hours for employees because of Obamacare. Applebee’s and Olive Garden have made similar moves. Palm Beach State College and Kean University have done the same thing.
Many more companies are sure to follow.
That’s why the Congressional Budget Office has estimated that as many as 20 million American workers could lose their health care because of the Affordable Care Act and it shouldn’t surprise anyone if that turns out to be a low ball figure.