The right-wing wurlitzer is in full blast over the latest minimum-wage employer to announce it's going to screw over its employees and blame Obamacare. Cue
Fox News.
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.
“In addition, some managers have requested guidance on what they should tell those employees negatively impacted and, at your discretion, we suggest the following,” read the memo obtained by FoxNews.com. “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,” the message continues.
I'm sure that it has absolutely nothing to do with
projections of declining ticket sales and shrinking revenues for 2013. Regal also just sunk $191 million into buying Oregon-based Hollywood Theaters, $191 million that could have been spent on keeping full-time employees and providing health insurance to them, if the company actually cared about its employees.