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<blockquote data-quote="texan" data-source="post: 1054572" data-attributes="member: 38206"><a href="http://www.examiner.com/topic/applebees-1" target="_blank">Applebees</a> CEO Zane Tankel, told <a href="http://www.foxnews.com/" target="_blank">Fox News </a>on Sunday that due to Obama&#039;s re-election and theimminent implementation&nbsp; of the Affordable Care Act (Obamacare) and all the bill&#039;s associated taxesand regulations, that a hiring freeze is&nbsp; coming, as well as layoffs.Tankel said:&quot;We’ve calculated it will [cost] some millions of dollars across our system. So what does that
say — that says&nbsp; we won’t build more restaurants. We won’t hire more people. If you have 40
or 50 employees at a restaurant, and&nbsp; the penalty is $2,000, and you’re going to pay $80,000
or $100,000 penalty, there goes the profit in your restaurant.

I want to simply say we are looking at it, we are evaluating. If it’s possible to do without cutting
people back, I am&nbsp; delighted to do it, but that also rolls back expansion, it rolls back hiring 
more people, and in a best-case&nbsp; scenario, we only shrink the labor force
minimally. Best case.&quot;
</blockquote>

[QUOTE="texan, post: 1054572, member: 38206"] [B][URL='http://www.examiner.com/topic/applebees-1']Applebees[/URL] CEO Zane Tankel, told [URL='http://www.foxnews.com/']Fox News [/URL]on Sunday that due to Obama's re-election and the imminent implementation of the Affordable Care Act (Obamacare) and all the bill's associated taxes and regulations, that a hiring freeze is coming, as well as layoffs. Tankel said:[/B] [INDENT][B]"We’ve calculated it will [cost] some millions of dollars across our system. So what does that say — that says we won’t build more restaurants. We won’t hire more people. If you have 40 or 50 employees at a restaurant, and the penalty is $2,000, and you’re going to pay $80,000 or $100,000 penalty, there goes the profit in your restaurant. I want to simply say we are looking at it, we are evaluating. If it’s possible to do without cutting people back, I am delighted to do it, but that also rolls back expansion, it rolls back hiring more people, and in a best-case scenario, we only shrink the labor force minimally. Best case."[/B] [/INDENT] [/QUOTE]

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