Union pickets Tropicana over pension termination

CNBC

Thousands of workers from the main Atlantic City casino union picketed outside and around the Tropicana Casino and Resort on Thursday night, trying to fend off an attempt by the Carl Icahn-owned casino to end their pension plan.

The casino is terminating its employees’ pension plan in favor of direct cash payments to workers.

But Bob McDevitt, president of Local 54 of the Unite-HERE union, vowed never to let that happen. He referred to disputes with previous owners of the Tropicana, including Bill Yung, whose ownership was ended by state regulators after less than a year due to the casino’s poor management.

http://www.cnbc.com/id/46976215

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