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Chipotle Mexican Grill, Inc. Message Board

  • buford_puser buford_puser Feb 24, 2013 4:05 PM Flag

    Obamacare coming CMG's way

    It's a great thing that CMG is now forced to provide health care for its workers. The existing plan is a joke, and puts undue burden on workers while CMG officers cash in over $50-200M of stock gains. Darden restaurants originally said it would cut back on employee hours to avoid Obamacare, but it soon realized its dedicated employee base would dwindle, leaving it with awful service.

    CMG perhaps relies on bright cheery workers more than any other restaurant, so CMG really does not have the option to cut hours to avoid Obamacare. If they do, it will surely see same store sales declines as the cleanliness suffers, the communications suffer, the thru-put suffers, and the overall customer experience suffers.

    What will it cost - likely $1000 or more per worker each year before all is said and done. With about 22,000 workers now getting reasonable healthcare at $1000 apiece, that's about $22M per year. Not devasting to the company, but maybe a big hit to the stock price. It's about time CMG startes treating its employees with the respect they deserve.

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