Just another employer who must be doing it wrong. It’s never the fault of the politicians who rammed the law through without even reading it first.
In a memo to employees, [Regal Theatres'] 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.
Workers had their hours cut to below 30, the magic number of weekly hours that triggers ObamaCare’s mandates and fines. Pardon me, tax. Right, John Roberts? Either way, it’s a pay cut.