Elections Have Consequences, Businesses Laying off Employees Due to Obamacare and Regulations … NY Applebee’s CEO Zane Tankel says He May have to Lay Off Employees because of Obamacare. (Update: Papa John to do the Same)

 

Exactly what did people think was going to happen when Obama was reelected and Obamacare penalties would be implemented rather than repealed? Maybe Americans would have voted differently had these policies been enacted prior to the election, but of course that was done ny design.

Elections have consequences and for those who voted for Barack Obama’s reelection might just get laid off or fired. In their infinite wisdom, or lack there of, America voted back in the most liberal/socialist President in the history of the United States. What does that mean … businesses will have to deal with the adverse effects of Obamacare on their business. The economics of Obamacare and its cost to the economy.

NY Applebee’s CEO Zane Tankel stated on the FOX business channel that he may have to let employees go or reduce their hours from full time to part time to deal with the expenses of Obamacare. Tankel went on to say that  this was the most difficult business climate he has ever seen. He has not made a final decision, but what one one think some one is going to do when expenses increase and revenues do not?

 Zane Tankel said that a hiring and expansion freeze might have to be implemented, much to the dismay of the LEFT. Money does not grow on trees and when the government decides to force their socialist policies on a business based in capitalism, there are consequences. What’s the answer of the ignorant and selfish LEFT, boycott those that dare take action to deal with the added expsnse of Obamacare. A note to the LEFT, guess what happens when revenues are reduced in a business, they lay even more employees off. But the ignorant LEFT does not care, they think the evil businesses make too much money. Funny how they want to tell others how to handle their money, but when it comes to their own like paying for woman’s own birth control, it’s hands off.

An Applebee’s New York area franchisee is the latest CEO to go public threatening drastic plans to avoid costs associated with the Affordable Care Act, otherwise known as Obamacare.

“We’ve calculated it will [cost] some millions of dollars across our system. So what does that say — that says we won’t build more restaurants. We won’t hire more people,” Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network on Thursday.

Apple-Metro, which runs 40 Applebee’s restaurants, employs from 80 to 300 people at each of its locations. Obamacare mandates that businesses with more than 50 workers must offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers.

Most small businesses with 50 or more employees already do offer health insurance, notes John Arensmeyer, CEO and founder of Small Business Majority, a national small business advocacy organization. But restaurant chains typically are among the sliver of businesses not offering insurance to workers. Other food chains have commented publicly that they would take strong measures.

UPDATE I: John Schnatter, Papa John’s CEO, Says he will likely have to raise costs and cut employee hours because of Obamacare.

A day after Barack Obama earned a second term in the White House, Papa John’s founder and CEO John Schnatter said the president’s signature health-care reform law would increase his business costs and possibly result in employees’ hours being cut.

Schnatter, a part-time Naples resident, made the comments Wednesday night inside a small auditorium at Edison State College’s Collier County campus. In August, he made national headlines after telling shareholders the Affordable Care Act — commonly known as Obamacare — would result in a 10- to 14-cent increase for customers buying a pizza.

“I got in a bunch of trouble for this,” he told the students. “That’s what you do, is you pass on costs. Unfortunately, I don’t think people know what they’re going to pay for this.”



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  • Comments

    8 Responses to “Elections Have Consequences, Businesses Laying off Employees Due to Obamacare and Regulations … NY Applebee’s CEO Zane Tankel says He May have to Lay Off Employees because of Obamacare. (Update: Papa John to do the Same)”

    1. alexander on November 12th, 2012 9:28 am

      Wait… so… how does that work? Less employees means less work done, less profit. Firing a few employees isn’t going to “pay” for obamacare for the rest of them.

    2. Catseye on November 12th, 2012 8:16 pm

      O’bamacare raises taxes on businesses the CEO needs to eliminate enough costs to make the business make a profit again, pretty simple really. If a business doesn’t make a profit it doesn’t survive. The remaining employees won’t be covered by health insurance, they will all be working about 20 hours to make sure O’bama doesn’t drop the boom on the business. This is the new “Fuck it’s not worth the hassle” economy.

    3. PublicEnemy2u on November 13th, 2012 12:04 pm

      The real problems for Papa John’s is that it’s stock price will decline because of higher taxes on dividends AND Obamacare AND rising commodity prices. Take slowing growth in pizza sales and franchise openings and a CEO that publicly backed a loser into account and it’ll be a miracle to have the same future outlook as in the past. Dump this loser stock. The big boys started this morning, sell

    4. PublicEnemy2u on November 14th, 2012 10:57 am

      11/14/12..NEW YORK (AP) — Shares of Papa John’s declined on Tuesday following news of class-action certification for a lawsuit that claims the pizza chain had unsolicited text messages sent to cell phones.

      THE SPARK: The lawsuit filed with the U.S. District Court for the Western District of Washington in Seattle claims Papa John’s violated state and federal law when they had the marketing company OnTime4U send unsolicited text messages on its behalf to cell phones advertising their pizza products. The lawsuit says that 500,000 illegal text messages were sent to Papa John’s customers across the U.S.

      Papa John’s faces potential damages of more than $250 million. The plaintiffs may each potentially receive $500 or more in damages for each text message.

      Messages left with Papa John’s seeking comment were not immediately returned.

      SHARE ACTION: Papa John’s International Inc.’s stock fell 34 cents to $49.10 in afternoon trading after dropping as low as $46.72 earlier in the session. Over the past year, the shares have traded in a range of $35.21 to $56.41.

      http://news.yahoo.com/papa-johns-falls-news-class-action-suit-202357843–finance.html

    5. PublicEnemy2u on November 14th, 2012 11:57 am

      News flash to Papa John’s CEO John Schnatter: Obamacare isn’t the only thing costing your business money.

      The pizza chain head has made his views on the Affordable Care Act clear in recent months, claiming the new health care law will cost his business about $5 to $8 million per year. To compensate Schnatter’s said he will likely raise pizza prices and cut back some workers’ hours so he doesn’t have to insure them.

      Caleb Melby of Forbes has graciously done the math on Obamacare’s cost to Papa John’s and according to his analysis, to cover the cost of Obamacare, the pizza chain would have to raise prices by 3.4 to 4.6 cents per pie — way less than the 11 to 14 cents Schnatter claims he needs.

      And there are other changes the chain could make to save some money, Melby notes, like not giving away 2 million pizzas for free at a cost of between $24 and $32 million to the company, for example.

      http://www.huffingtonpost.com/2012/11/13/papa-johns-obamacare_n_2123207.html?utm_hp_ref=business

    6. Jessica on November 14th, 2012 7:24 pm

      It’s a sad day when you have to ask a business to take care of it’s employee’s. Example, asking them to offer health insurance to the employees that MAKE THEM THERE MILLIONS!!!!! Maybe if they did the humane thing, and did that already, this would not be a big deal. Not sure I would really know the diffrence between 33 million and 34 million but if it ment offering health insurance to my employee’s, I would do it in a heartbeat!
      _____________________________
      SM: Spoken by a person who has never owned or run a business. You do understand that a business is not an employment agency, right?

      What will happen with Obamacare, businesses with pay the fine of $2000 because it is cheaper than the escalating cost of healthcare premiums and workers will be put on Medicaid. Try going to your present dr with that insurance.

      There were plenty of ways to fix healthcare, this was not it.

    7. PublicEnemy2u on November 15th, 2012 10:33 am

      We should have gone single payer, keep the employers separate from their employes insurance.
      Before any heads explode, let me explain my position. The upward and lateral paths that we all take include risk. Risking your families health without insurance while you wait for insurance coverage to kick in stops many from leaving their current positions and following thier dreams to a better future. How many employee’s of Papa John’s are covered under their parents plan anyway, anyone under 26, less than 30 hours a week? If my kid works for Papa Johns part time, MY employer is adding to Papa Johns profits
      ____________________________
      SM: Wait until people realize that Obamacare is medicaid.

    8. Melissa Swingler on December 5th, 2012 6:06 pm

      I would be proud to pay extra so that hard working Americans can get medical attention if they need it. Instead of raising the prices of items sold you would rather lay off people or reduce their hours. Everything has consequences and I hope the consequences of these actions will cost some CEO’s their job. Hoping that people boycott these places and take their business to more ethical places. Have you ever thought that people work sick when they have no health care benefits and that sickness may infect customers? That alone is a reason not to eat at these places. It is about consequences, and fairness!

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