Nation’s Biggest Movie Theater Chain Cuts Workweek Because Of ObamaCare

 

 

 

” The nation’s largest movie theater chain has cut the hours of thousands of  employees, saying in a company memo that ObamaCare requirements are to  blame.

Regal Entertainment Group, which operates more than 500 theaters in 38  states, last month rolled back shifts for non-salaried workers to 30 hours per  week, putting them under the threshold at which employers are required to  provide health insurance. The Nashville-based company said in a letter to  managers that the move was a direct result of ObamaCare.

“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.”

– Memo sent to managers of Regal theaters

 

“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,” the message continues.

Regal, which had revenue of $2.8 billion in 2011, is the latest company to  respond this way to the Affordable Health Care Act’s requirement that employees  at companies of a certain size who work more than 30 hours per week be provided  health coverage. Applebee’s and Olive Garden also scaled back the hours of  workers. A handful of colleges have cut hours because of the law, including Palm  Beach State College in Florida and New Jersey’s Kean University. Critics say the  law is boomeranging on working folks.

“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.”