Since when doas a Republican hate capitalism?? You are a useless idiot.. sonicmoron...<quoted text>
While the stakes for workers aren't clear, the benefits to Trader Joe's under the new arrangement are obvious. The implementation of Obamacare provides an opportune moment for the company to get in line with less generous competitors, and the savings the company finds in dropping coverage for part-timers will almost certainly outstrip the $500 it will give employees to defray what they end up paying on the exchanges.
An earlier memo to staff in May sounded a rosier note on health coverage. Bane said the company had "made a decision to make minimal and only necessary changes to your costs" for health care until Obamacare regulations were finalized next year. He also noted that the company would give workers a 10 percent discount on their monthly coverage for the second half of the year.
He did, however, inform workers that corporate contributions to employee retirement accounts would be drastically scaled back, by a third for some and two-thirds for others. Bane argued that the company's "very generous" contribution rates had been too high for the industry.
"Whole Foods and Costco (two public companies) make retirement plan contributions that are significantly less than Trader Joe's," he wrote.
so why do you hate capitalism?
It's the culture...