Taj Mahal to Stay Open If Union Drops Contract AppealChristopher Palmeri
Billionaire Carl Icahn will keep the Taj Mahal hotel-casino in Atlantic City open if the union representing workers there drops an appeal of a bankruptcy court ruling that scrapped their contract.
Trump Entertainment Resorts previously said it also needed state and local tax breaks to keep the New Jersey property open. It’s scheduled to close on Dec. 12.
“If the union would drop its appeal against the company, we could save the Taj and your jobs,” Robert F. Griffin, chief executive officer of Trump Entertainment Resorts, said today in a letter to Unite Here Local 54. “Without the uncertainty of the union’s appeal, Carl Icahn would agree to keep the Taj open, invest money and increase wages for all full-time Union employees by $2,000.”
Icahn is poised take over Trump Entertainment Resorts, operator of the resort property, as part of a proposed bankruptcy reorganization. The union appealed the court ruling, and the company said the hotel would close next month if it can’t come to terms.
More than 1,500 casino workers plan to march down Atlantic City’s boardwalk today to protest the proposed shutdown of the Taj Mahal, according to a statement from Local 54, one of the largest unions representing casino employees in the city.
“In the last decade, workers have sacrificed wage increases to maintain good health insurance,” the statement said. The contract cuts translate into a 35 percent reduction in compensation for workers who average less than $12.50 per hour, it said.