Image Source: Fox News

BY CHARESSE JAMES
ANCHOR NEVILLE MILLER

Papa John’s CEO John Schnatter is not happy that Obamacare is here to stay, and he’s considering cutting some of his employees out of the pie.

WTVT: “Papa John's has some bad news for its employees. The owner says that they may have to cut the employees' hours. He expects his business costs to rise because of President Obama.”

How much does the CEO say it will raise costs? Between $5-8 million a year. According to Fox News,

“Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees’ hours because they can’t afford the costs of health insurance plans.”

According to Naples News, Schnatter claims he’s not in favor or against the Affordable Care Act, but “...it was likely that some franchise owners would reduce employees' hours in order to avoid having to cover them. ‘That’s probably what’s going to happen … That’s what I call lose-lose.”

Papa John’s will be joining other dining chains, like Olive Garden and Red Lobster, that have proposed cutting employee hours to avoid new health care requirements outlined in the Affordable Care Act before they take effect in 2014. But according to WTVR, the plan is meeting less than a warm welcome among consumers.

“The move is being met with open opposition by many online, and support of a boycott of the restaurant chains is growing.”

According to WTVR, the fine for failure to comply with the new healthcare requirements could result in fines of up to $3,000 per employee.

Papa John's CEO May Cut Hours, Blames Obamacare

by Charesse James
1
Transcript
Nov 12, 2012

Papa John's CEO May Cut Hours, Blames Obamacare

Image Source: Fox News

BY CHARESSE JAMES
ANCHOR NEVILLE MILLER

Papa John’s CEO John Schnatter is not happy that Obamacare is here to stay, and he’s considering cutting some of his employees out of the pie.

WTVT: “Papa John's has some bad news for its employees. The owner says that they may have to cut the employees' hours. He expects his business costs to rise because of President Obama.”

How much does the CEO say it will raise costs? Between $5-8 million a year. According to Fox News,

“Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees’ hours because they can’t afford the costs of health insurance plans.”

According to Naples News, Schnatter claims he’s not in favor or against the Affordable Care Act, but “...it was likely that some franchise owners would reduce employees' hours in order to avoid having to cover them. ‘That’s probably what’s going to happen … That’s what I call lose-lose.”

Papa John’s will be joining other dining chains, like Olive Garden and Red Lobster, that have proposed cutting employee hours to avoid new health care requirements outlined in the Affordable Care Act before they take effect in 2014. But according to WTVR, the plan is meeting less than a warm welcome among consumers.

“The move is being met with open opposition by many online, and support of a boycott of the restaurant chains is growing.”

According to WTVR, the fine for failure to comply with the new healthcare requirements could result in fines of up to $3,000 per employee.

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