Darden Restaurants, the $7.9 billion operator of such chains asOlive Garden and Red Lobster, is cutting workers' hours in a fewmarkets in the United States to test a move that could limit theimpact of healthcare reform, according to CNBC.

The reforms enacted in 2010 require companies to providehealthcare coverage to full-time employees starting in 2014 or paya penalty. Darden, 75% of whose workers are already part-time, islimiting employees to 28 hours a week in the test areas, which isless than the 30 hours a week the government has set as thedefinition for full-time employment.

See the full CNBC story here and coverage fromthe Orlando Sentinel here.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.