New Jersey Gambling Revenue on the Rise [...]
If Atlantic City Casino Workers Strike What Will Happen
- June 27, 2016 By Samantha A. -
The very famed seaside gambling resort Atlantic City is on the boarder of becoming the very first New Jersey Municipality in the last 78 years to ultimately go bankrupt. There have been four casinos that have closed their doors in the resent years, ultimately decimating the city’s tax base. Now the state law makers are desperately divided over how to help, with Stephen Sweeney the state Senate President as well as Chris Christie the Governor pushing for a state takeover and the Vincent Prieto the state Assembly Speaker Opposing it.
The main casino workers union for Atlantic City is ultimately threatening to go on strike against five out of the eight casinos on July 1st, 2016 unless a new contract has been signed by that date. The casino workers union is looking to recapture the benefits as well as any compensation that it gave back to the casinos within past negotiations when the gambling houses were in dreadful shape.
Here is one of the major issues:
This strike involves trying to back what it gave up or even did without within the past negotiations. These things include pension as well as health benefits, vacation as well as other time off, and let us not forget about salary.
The casinos located in the area have just started to see the finance issues stabilize after a atrocious period that saw four out of the twelve casino located in Atlantic city shut their doors in 2014.
In this case both sides are likely to get hurt. The last strike that took place in the year 2004 that lasted 34 days. Thousands of casino workers will be without a paycheck, although the union has accumulated what is called a strike fund that will give cash payments to those striking members. As for the casinos they rely on these workers to do the daily chores that ultimately keep these resorts open, and would have to either hire replacement workers, or opt to use the management staff to fill these positions, or even opt to keep parts of these resorts closed.
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