Forever 21 memo demotes full time workers to part time, Obama and Obamacare part time economy, Medical coverage ends August 31, 2013, Hours not exceed 29.5 per week
“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
From Zero Hedge August 19, 2013.
“Obamacare Strikes At Forever 21 Which Forcibly Demotes Some Workers To 29.5 Hours Per Week”
“A firestorm broke out during the weekend over the latest part-timing impact from Obamacare (covered here extensively previously), this time in the form of a leaked memo by retailer Forever 21, which announced that some employees would be demoted to part-time status. The memo, which announced forcible part-time changes would take place on August 18 with full loss of benefits to take place by August 31, was leaked by a disgruntled employee on their Facebook page.
The highlight from the memo:
Company-wide, Forever 21 recently audited its staffing levels, staffing needs and payroll in conduction with reviewing its overall spending budget. As a result, we are reducing a number of full-time non-management positions…. As a Part-Time employee your regular schedule will not exceed 29.5 hours per week.
As is well known, with the ACA mandating companies who employ 50 full-time workers or more to provide health insurance coverage, one much exploited loophole is to cut full-time workers to part-time status, i.,e., have them work less than 30 hours. Or 29.5 hours in this case. Following this forcible full-time demotion, employees will lose medical, dental, vision and voluntary coverage on Aug. 31 and will no longer accrue paid time off.
The memo is below:”