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Apple-Metro Chairman Zane Tankel discusses why he is looking to move employees from full to part-time because of ObamaCare.
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Companies are switching employees from full time upon time because they can afford to pay for benefits required under Obama -- Darden Restaurants the operators of red lobster and olive garden that among them.
And our next guest says he is thinking about doing the same joining us now is -- -- -- Apple -- chairman and CEO of Applebee's franchisees.
So welcome program thank you good morning but one you explain the economics of this that you are thinking about taking people from full time positions to part time positions.
Because of Obama can't explain it.
Well that running a business is relatively simple more money has to -- -- goes out -- So if you get in on an unforeseen costs that comes from left field IE obamacare.
You have to pay for it would force obamacare would force you.
To pay more for health insurance fuel full time employees I wish I could say that definitively I don't think anybody knows would Obama -- -- -- so.
But yes we're anticipating -- cost as everyone is.
And -- -- -- there's a -- him with additional cost you have to find the money to pay for the job -- and so so.
Did they want to be made part time as opposed to -- full time of course not it's a loss of income for them.
It's it's just that simple but but the reality is we could raise prices and there and -- Consumers won't want -- price increase we could find additional efficiencies which.
This might be considered one or we could cut people so this is the best of both worlds we can keep our people.
And we can.
We can just pay them less because somebody has to pay obamacare Obama is not -- obamacare is -- Okay now what's the response of do you pay how many employees of the go up you've about 3400.
You've got is it forty apple -- yes that's 3838.
And you get about 34000 people yes you heard from a no because we have -- a definitive decision we're budgeting right now for 2013.
That line item is blank do we get more definitive information.
We have people on the ground full time in Washington nobody seems to know what this is about I guarantee you the president doesn't know.
-- but unfortunately he's not a businessman so what he looks that is from one angle you need to look at this globally in business.
Economics will find its most efficient use that.
Capital will always find its most efficient use so the most efficient use of capital is eight keeping your people intact and ideally hiring more -- But being people pay report at the same time.
Not when will you find out didn't give any idea.
When you'll find apt and definitive.
Cost the exact amount up extra money obamacare is gonna cost you when you find out I was I was -- -- international meeting of restaurants all week last week in Los Angeles and not a soul including -- seems to know what it is.
So I don't know I guess we need to call the president or he's waiting to after the elections.
Quite passively and then -- drop -- judge.
I'm just curious he was asking if you've heard from your employees on this matter I'm curious if you have thought about.
Influencing their thoughts on this election at all like we've seen from some recent yes.
Are you sending a letter to your road no I'm not on no I'm not in all fairness is what I -- say that -- and we need in groups of a hundred to 200.
All the time weekly almost and I say then.
You need to vote.
I'm not going to tell you who to vote for.
But I think everybody needs -- out there and vote.
Unfortunately electorate is not sophisticated up to really dig down other than to see that they're going to get something more.
And I'm I'd be hard pressed to tell them to vote for this candidate -- that Kennedy.
It is -- chuckle look thanks very much indeed for coming on the show today was very important subjects haven't put your employees institutional -- little.
