Judge rules in favor of Carl Icahn in Trump Taj Mahal union battle
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Poker player and shareholder activist Carl Icahn went all patagonia black hole 120 review3in and won in his battle against the upatagonia black hole 120 review1nionized workers at the bankrupt Trump Taj Mahal casino.
The 24 year old Atlantic City gambling joint will be allowed to break its collective bargaining agreement with Local 54 of the Unite Here union, which represents 1,100 employees, a Delaware bankruptcy judge ruled Friday.
Without the power to toss its costly labor pact, Taj management was planning to close the patagonia black hole 120 reviewcasino, the second largest in this New Jersey seaside town, on Nov. 13 a move that would have cost the city and state another 3,000 jobs.
Icahn, the casino s lone lender, said publicly he would save the casino and forgive the $292 million owed to him onlyluxury fly fishing lodges patagonia if he received majorpatagonia men's phil's fleece jacket - special union concessions.
As a result of the judge s ruling, keeping the Taj open is now only subject to the state and city making the concessions necessary according to the company s plan to keep the Taj viable. If city and state make the concessions, I will invest the $100 million also necessary to make the plan viable, Icapatagonia r1 full zip men mediumhn told Thpatagonia better jackete Post.
The unions and their lawyer have been totally misleading in saying that the lower wage employees are being hurt by this plan. The low wage employee will be subsidized by the Obama plan or Medicaid and thbest value hotels in patagoniaerefore will not have to pay medical costs. And in fact, they will get the benefit from a $2,000 a year wage increase that will be going to every full time Taj employee [to cover medical costs], Icahn added.
Icahn and Trump Entertainment Resorts, parent of the Taj casino, had been trying to cut the $10,000 a year paid by the company per employee for medical benefits.
The union wants a stay and expects to file an appeal next week.
Already, four of patagonia discount code rockautoAtlantic City s 12 casinos that were open at the start of the year have shut.
Trump Entertainment is also seeking to hapatagonia everlong review activitiesve its real estate tax bill slashed by Atlantic City.patagonia black hole 120 review0
That decision is expected soon.
Meanwhile, a commission appointed by NJ Gov. Chris Christie has yet to agree to a truckload of state aid to the remaining casinos.
Atlantic City has been in a years long slump as rival casinos in Delaware and Pennsylvania siphon off customers.
Local 54, with 20,000 members, said a decision by Judge Kevin Gross to allow the Taj to toss the labor contract would set a precedent for low paid Atlantic City workers.
Our membpatagonia guide jacket 4xers work for their benefits, and they don t want to rely on their neighbors taxes for health insurance, a union spokesman told The Post.
The Unite spokesman said Icahn wapatagonia black hole 120 review2nts to eliminate pay during lunch half hour, and that would cost workers an average of $1,600 a year, eliminating the benefit of getting the $2,000 raise.
