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  • ilap2004 ilap2004 Nov 13, 2012 10:59 AM Flag

    Applebee's and Papa John's say will cut jobs


    Applebee's and Papa John's have joined the growing chorus of employers who warn the upcoming implementation of Obamacare will lead to damaging cuts in its workforces.

    "That's what you do, is you pass on costs", John Schnatter, founder and CEO of Papa John's, told students at Edison State College in Naples, Fla. “Unfortunately, I don't think people know what they're going to pay for this."

    He estimated the new law will cost Papa John's $5 million to $8 million annually.

    Zane Tankel, CEO of Apple-Metro, which owns 40 Applebee's in the New York metropolitan area, told Fox News he is also preparing for changes.

    “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," Tankel said.

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    • Well if they are going to cut jobs they should both start with the chefs..

    • ilap, I've been following this story. Businesses owners will force employees to go part time so that they don't have to insure them under Obamacare. This will make the governments employment numbers look like they are rising. Reality is that 1 person now needs 2 jobs just to get enough work. Not a good scenario going forward. The unintended(or possibly intended) consequences of Obamacare.

      • 3 Replies to jaquecroissant
      • And to the extent small business owners go with part time workers, Obamacare funding will be short of expectations.

        Clearly, the man is clueless as to were job generation has traditionally come from or the effects his tax policies would have on small business entrepreneurs ability to expand their business.

        Obama would rather let Big Corps get all the tax advantages in using offshore havens to reduce tax rates to less than half that paid by small business because that's the way things work in DC and WS.

        why should AAPL, PFE, GOOG etc pay a lower tax rate than any US taxpayer?

        The backers of world's central banks and wealthy elites are calling a lot of these shots and VAT's/consumption taxes are slowly becoming the more dominant sources of income for govt.

        Taxes on food coming soon in the US and the bigger the deficits the govt runs, the higher the eventual taxes will be.

        When will the people learn that it's mostly a spending rather than a revenue problem?

        Wasteful spending---the evidence is clear.

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