Re-election fallout: Reduced hours, reduced payrolls and increased prices

 

Although it’s tough to trace the saying’s origins back to a single politician, many lawmakers at one time or another have said, “Elections have consequences.” 
Whether they voted for President Obama’s re-election or not, employees nationwide are beginning to feel the consequences of the 2012 presidential contest. 
Less than one week after Obama won a second term in office, dozens of employers — going a giant step further than simply threatening workers’ jobs http://ebn.benefitnews.com/blog/ebviews/david-siegel-communication-problem-solution-2728260-1.html should the president get re-elected — already are setting about the business of offsetting the impending business costs of implementing health care reform or other Obama policies they view as unfriendly to their industry.
As EBN legal contributor Frank Palmieri noted just before election day, an Obama re-election would have employers “doing the numbers” http://ebn.benefitnews.com/news/legal-contributor-romney-cant-repeal-ppaca-day-one-2728770-1.html to see how PPACA’s various mandates would stack up against the ability to maintain profits. 
So far, Papa John’s CEO John Schnatter and Applebee’s franchise CEO Zane Tankel don’t like what they see. Schnatter said he will cut worker hours and raise the cost of the company’s pizzas by as much as 14 cents in response to PPACA. Tankel said he also is considering reducing worker hours as well as implementing a hiring and expansion freeze to combat PPACA-related costs.  
Murray Energy Corp. CEO Robert Murray Murray recently fired some 150 employees across three locations of the company’s coal mining operations in response to the president’s “war on coal.”
I refuse to set foot on the minefield that is the intersection of business and politics. But I would like to know all the same: Did your company/does your company plan to fire employees or make other workforce decisions based on the outcome of last week’s election? Share your thoughts in the comments. 
 

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