Due to ObamaCare, Nation's Largest Movie Theater Chain Cuts Employee Hours

Regal Cuts Hours To 29

Monday, Regal Entertainment Group, the largest movie theatre chain in the country, announced that thousands of employees will have their work hours cut -- as a direct result of the added cost of the new ObamaCare mandates that become effective later this year. In a memo to employees, 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. The manager told FoxNews.com ObamaCare has had the unintended consequence of taking food off his table. “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. “In a time where 40 hours is just getting us by, putting these kind of financial pressures on employers is a big step in a direction far beyond the reach of feasibility for not only the businesses, but for the employees who rely on their success," he said. In order to avoid the added cost of providing health insurance for employees working 30 hours a week (as ObamaCare mandates), it only makes sense for companies to schedule employees for 29 hours. So anyone who was working full-time is now being hit with a 25% pay cut.

So, who didn't see this coming? This stupid law is just going to hurt more people already struggling. This insurance company bailout program does nothing good for the average American. Mandating coverage has just increased the costs and reduced access. I hope you liberals are getting the "change" you wanted, because your messiah is demolishing an already ailing economy. The only "good thing" to come out of this travesty is that it may get more dimocrats booted from office. They will be replace by equally corrupt republicans though, so it won't help much.

Collapse is the idea. Obamacare is textbook Cloward/Piven.

I can't wait for Obama to order Directive 10-289, after all, this is a clear violation of the Fair Share act.

Originally posted by TheWrightWing
Collapse is the idea. Obamacare is textbook Cloward/Piven.

I can't wait for Obama to order Directive 10-289, after all, this is a clear violation of the Fair Share act.

Somebody has read Atlas Shrugged.

S&F for you

Good news is the unemployment figures should decrease for not many people can survive on a 30 hour work week...they will have to find two time compatible jobs if they have a family, a house, or they want to eat....or just kick back and get their sustenance from Uncle Sugar; elegant ??

reply to post by DarthMuerte
Nice to see how corporate greed always gets a free pass from some folks.

Originally posted by JohnnyCanuck
reply to post by DarthMuerte

 

Nice to see how corporate greed always gets a free pass from some folks.

Yeah it's a bit funny that some blame the legislation, as opposed to the greedy business who doesn't want to put a dent in their 30% profit margin..



Amazing what some people think is ok huh?

~Tenth

reply to post by 727Sky


How many people who have families work in movie theaters?

Around here it is mostly kids

reply to post by tothetenthpower


30% profit margin?
Is that all?
You'd think it would be higher with them charging 12 bucks for a soda and popcorn.

Oh and let me leave this link here

www.businessinsider.com...

Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't). Read more: www.businessinsider.com...

Wages as a percent of the economy are at an all-time low. This is closely related to the chart above. One reason companies are so profitable is that they're paying employees less than they ever have before. Read more: www.businessinsider.com...

So to corporations.



Yeah.

Originally posted by Wildbob77
reply to post by 727Sky

 

How many people who have families work in movie theaters?

Around here it is mostly kids

There have been other threads at ATS about companies cutting back hours of employees to the magic 30 hour number. Several news articles on Yahoo and other news sources have been posted over the last 6 months. If you are interested do a search otherwise think before you post, it is not just movie theaters..Not trying to be rude and sorry if this comes across that way...it is a big picture kinda thing.
washingtonexaminer.com...

www.huffingtonpost.com...
washingtonexaminer.com...

Originally posted by JohnnyCanuck
reply to post by DarthMuerte

 

Nice to see how corporate greed always gets a free pass from some folks.

I expect corporations to watch their bottom line. Just like I expect my government to obey the Constitution and stay the hell out of my life. It was FDR's(liberal/progressive/statist) policies that put us on the road to companies providing health insurance to their workers. It was and still is a stupid idea. Does your job provide your car insurance? Homeowner's insurance? Burial insurance? Insurance, of all types, should be a personal decision and responsibility. When you consider all of the problems caused by tying together job and health insurance, anybody can see that it needs to change. Where statists and libertarians have our difference of opinion is what the change should be. Nanny state liberals want government provided(taxpayer funded) health coverage. Freedom loving libertarians see the dangers of such a plan and do not want it.

reply to post by DarthMuerte
More and more companies are going to be cutting employee hours as it grows closer to the 2014 Obamacare deadline. Corporations are in it for the money, not to help people. Better to cut employee hours so as not to be required to pay for insurance than to fire many, many people to pay for insurance for those that they keep. Either way they aren't going to cut into their profit margins. It's a sad reality but most unskilled workers are going to have to work two jobs to be able to live and they still won't be able to afford insurance.

Originally posted by JohnnyCanuck
reply to post by DarthMuerte

 

Nice to see how corporate greed always gets a free pass from some folks.

Funny how resistance to mob looting is always seen as "Greed" by some.

No one owes you one second of their life or one penny of their property.

Lets be clear on at least that, agreed?

reply to post by grey580


Ah, movie reels are actually very expensive. A single movie reel from a large production can cost up to 50 thousand dollars piece for a theater.

Now if you are screen 2 or 3 versions of that film llike 3D/2D etc...the costs become quite high. Theaters only make money of concessions as far as I understand it. Ticket sales just cover the cost to the production companies.

I was being nice with the 30%, they probably don't actually make any where near that much profit. It's mostly like under 10%. Which is still very good.

~Tenth

Originally posted by JohnnyCanuck
reply to post by DarthMuerte

 

Nice to see how corporate greed always gets a free pass from some folks.

Corporate Greed???

Profit margins are already paper thin for movie theaters.

If a company loses money, then it goes out of business.

Everybody gets fired and a For Lease sign goes on the front door.

Think Circuit City. --- Who? ---

But then there is the option of crawling on your knees to the U.S. Government

"Can we have a bail out pleeeeeeeeeeaaaaassssseeeee?????????"

reply to post by tothetenthpower


20-25% it seems

themovieblog.com...

1) Who Gets What From Your $10 Ticket? Ok, so you walk up to the box office and drop down your $10 to buy your ticket. Who gets that money? A lot of people assume (as did I at one point) that the movie theater keeps 50% of it, and the rest goes off to the studios. That’s not really true. Most of the money that a theatre takes in from ticket sales goes back to the movie studio. The studio leases a movie to your local theater for a set period of time. In the first couple of weeks the film shows in the theatre, the theatre itself only gets to keep about 20% – 25% of the green. That means, if you showed up to watch Bridget Jones’ Diary on opening night, then of the $12 you put out for a ticket, the movie theatre only got to keep between $2.40 and $3.00 of it.

Well to be honest with you. That's the movie theaters fault.
Theaters as an organization need to push back and say. you get 50% max.
if not go how your movies elsewhere.

I would be willing to wager that Regal doesnt have that many full time employees to begin with.

But who knows... it would be a stepping stone job at any rate...

reply to post by grey580


The movie studios have a vested interest in keeping the model this way, otherwise they would not be able to justify the ridiculous high budgets for films. It's like a guarantee that if the movie bombs, they at least get 75% of ticket sales.

The movie theaters have no real power. If the studios decide to stop doing business with certain companies, their whole business goes out from underneath them. Hollywood's monopoly and zealotry towards these things is legendary.

This company in particular:

Revenue US$ 2.682 billion (2011)
Net income US$ 43.4 million (2011)

~Tenth

money.msn.com...

That's because companies with fewer than 500 employees are more likely than larger businesses to dump their health care plans under the Affordable Care Act, which goes into effect next year

"One of the questions we did ask people who responded was if at any point they would drop (health insurance), and why? And the number one response was that the cost was becoming too prohibitive," Julie Stich, research director at the nonprofit organization, told MSN moneyNOW.

reply to post by tothetenthpower


The hollywood model is a flawed one.

I remember how one Director was saying how his movie grossed 150million. Yet the studios said his movie made 0 profit.

Creative accounting strikes again.