While other major companies have signaled that Obamacare will force them to reduce employee hours or cut health care coverage, the CEO of Starbucks said Monday that the omnipresent coffee chain won’t follow suit.
“Other companies have announced that they won’t provide coverage for spouses; others are lobbying for the cut-off to be at 40 hours,” Starbucks CEO Howard Schultz told Reuters. “But Starbucks will continue maintaining benefits for partners and won’t use the new law as excuse to cut benefits or lower benefits for its workers.”
The new health care law will require companies with more than 50 employees to provide health insurance to employees working more than 30 hours a week, a provision decried by many conservatives as a job killer. Some executives like Papa John’s CEO John Schnatter, a Mitt Romney donor, said after President Barack Obama secured a second term that they would be forced to trim employee hours in order to cover the costs of the health care law.
