Special to SEGAZINE
Forever 21 Inc. is the latest national company to cut employee hours to counter the impact of ObamaCare.
Policymic.com reported Forever 21 will limit non-management workers’ hours to 29.5 a week, which is a hair below the 30-hour minimum ObamaCare considers full-time employment. The changes begin Aug. 31, according to the policymic.com story.
The Los Angeles-based clothing retailer has Forever 21 stores at Town Center at Cobb Mall in Kennesaw, Ga.; Stonecrest Mall in Lithonia; Gwinnett Place Mall in Duluth; North Point Mall in Alpharetta; and Lenox Square Mall in Atlanta. It also has XXI stores at Cumberland Mall and Perimeter Mall in Atlanta.
As the debate rages over who benefits from the Affordable Care Act, one thing is clear – the program is a dream come true for rip-off artists, reports CNBC.
Buford, Ga.-based Theragenics Corp. (NYSE: THX) recently reported a $34,000 loss for the first quarter and announced plans close its vascular access manufacturing facility in Garland, Texas, to outsource production to independent suppliers in Latin America by the end of 2014. The company has been hurt by hurt by shrinking demand and higher taxes due to ObamaCare and will be acquired by Juniper Investment Co. LLC for $68 million.