Why has Station Casinos not treated employees like you as well as it has treated its top executives and Wall Street banks? What are they waiting for?
STATION CASINOS HAS PAID THE FERTITTAS AND OTHER EXECUTIVES WELL.
In 2007, Station Casinos paid the Fertitta family and other top executives $660 million in a Wall Street-funded “buyout.” Top executives continue to be paid millions of dollars a year while the company has suffered billions in losses since 2007.
STATION CASINOS HAS PAID ITS WALL STREET BANKERS WELL.
The company borrowed from Wall Street to fund its 2007 buyout, paying millions in fees to its bankers and lawyers. And since 2007, it has paid its Wall Street creditors — primarily Deutsche Bank and JPMorgan Chase — nearly $900 million in interest. The company has said that it will pay Deutsche Bank and JPMorgan Chase at least another half a billion dollars over the next four years.
HERE’S WHAT STATION CASINOS HAS DONE FOR YOU:
Station Casinos has not given you a raise in three years. Union workers on the Strip have got big raises over the same period. Union housekeepers got a total raise of over $1.20 per hour and Union food servers got more than $0.60 an hour since you got your last raise.
Station Casinos stopped paying for your 401(k) match. Union workers on the Strip continue to enjoy a pension that is fully paid for by their employers.
Station Casinos raised your cost of healthcare. Union workers on the Strip still do not have to take anything out of their paychecks to pay for PPO health coverage for their families because the employers pay for it.
Station Casinos has subcontracted out hundreds of jobs to low-pay outside restaurant companies. Union workers on the Strip are protected by their contract against losing their jobs to subcontracting.
IT’S ABOUT TIME STATION CASINOS GAVE YOU A RAISE AND STARTED TREATING YOU WITH RESPECT!