Cost cutting is always a challenging time for both an employer and its workers. However, in the case of Eldorado casino operator, a number of Florida-based employees are considering a strike. Now, potentially the biggest casino company in the US has the possibility of a strike on their hands in South Florida. The venue is the Pompano Beach casino where 93 percent of employees voted for a strike.
This took place on meetings on July 5 and 6. They offered a reason for their decision – dissatisfaction and frustration with Eldorado’s frequent reductions to their staff levels, as well as amenities for guests. Eldorado bought this property in 2017 from the Isle of Capri Casinos. Back then, the operator let go almost 80 union employees almost immediately.
Now, the union claims that the same process kept going ever since, reducing the number of employees. At the same time, the casino has not seen any big investment in the past two years. The same setup drove the union to a position where a full strike seems imminent.
Eldorado in 2019
Before the threat of a strike, the casino operator was in the media limelight for positive reasons. Weeks ago, it agreed to a merger deal with Caesars Entertainment. In this deal, Eldorado will cash out $18 billion in stock and direct funds to merge with Caesars.
It will also get 51 percent of control over the new company. Both companies are hoping the deal does not break down because it will bring substantial value to the shareholders. But now if Eldorado is looking to cut costs, there is little doubt that the employees are aware of the same situation.
Here, it is important to underline that Pompano Beach casino employees are not simply fighting cost cutting, but their jobs down the line. Otherwise, the company could easily decide to shut down the casino as an even bigger cost-cutting procedure.
By making a stand here, the union is hoping to reduce the chance of the same possibility in the future. Currently, there is no way to tell if they are reacting in the right way, but there is also little doubt that unions are wary of massive deals like this one.
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