Updated: 08/27/2014 8:18 PM
Created: 08/27/2014 6:39 PM KSTP.com
5 EYEWITNESS NEWS has obtained a letter management at Running Aces Harness Track has sent to hundreds of employees outlining plans to cut wages significantly.
"The plan we are sharing with our employees in the coming days includes no layoffs, no loss of benefits to current full-time employees or job reductions. Our redesigned card room assignments are geared to keep the impact to employee earnings as neutral as possible.
Running Aces like many businesses has struggled through the last several years due to unstable economic conditions. Therefore we are restructuring our staff and team to optimize our guest experience to match our current labor and skill needs with the demands of our card room operations.
In recent years, in addition to the unstable economic conditions, a national downturn in poker play, the multi-million dollar 10 year infusion of tribal slot machine marketing dollars into Canterbury Park, and the restrictive business and cost increases from current Statutes has taken it’s toll on Running Aces.
Our restructured assignments will increase our level of customer service and better position our ability to drive top line revenues at times that our customers want to play.
As these processes are working, we will all be focusing on enabling all revenue generating options currently authorized by Statute and pursuing significant updates to legislation to secure the long-term future of our business, our 650 jobs and our contribution and maintenance of the economic value afforded the State through our live racing program.
Running Aces owners have shown their commitment to Running Aces over a very turbulent economic and politically charged 7 years, making additional investments of millions of dollars, pursuing business enhancement through application of resources to fund legal support of revenue enhancement initiatives, maintaining a strong awareness to our community through our business activities and community representatives. Most importantly, the owners have appreciated the resolve of our whole team to weather the storms and arrive to work in an energetic and customer supportive manner."