Search
 

Restaurant Chain Cuts Workers’ Hours Ahead of Health Reforms (CNBC)

Darden tests boosting the portion of its employees who work part-time.

Darden Restaurants, the $7.9 billion operator of such chains as Olive Garden and Red Lobster, is cutting workers’ hours in a few markets in the United States to test a move that could limit the impact of healthcare reform, according to CNBC.

The reforms enacted in 2010 require companies to provide healthcare coverage to full-time employees starting in 2014 or pay a penalty. Darden, 75% of whose workers are already part-time, is limiting employees to 28 hours a week in the test areas, which is less than the 30 hours a week the government has set as the definition for full-time employment.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

More from this author

 

Recommended Stories

Verizon Likes Investor Scrutiny of ESG Bonds

Verizon Likes Investor Scrutiny of ESG Bonds

Caleb Mutua |

The company has issued five green bonds, including a $1 billion offering earlier this month. “Added scrutiny ... enables our platform to continue to shine compared to the rest of the market.”

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.