The Trump Taj Mahal casino is providing to restore health insurance to its workers included in a last-ditch effort to hold the struggling Atlantic City casino open.
Trump Entertainment Resorts stated Saturday it has offered to restore health care insurance to its 3, 000 workers for a minimum of two years when the union will drop its appeal of the court order that canceled the health insurance and also pension scheme for casino workers. It made the offer in the letter to Bob McDevitt, president of Local 54 from the Unite-HERE casino employees union.
Company president Robert Griffin informed McDevitt the casino plans to in close Dec. 12 and that the shutdown procedure will accelerate in a few days. But he says when the union withdraws it's appeal, the Taj will continue open.
"Given that healthcare is the most important piece of your own agenda, we have found a method to restore full healthcare to Local 54 employees in the Taj, " Griffin had written. "As a consequence, we cannot think about any reason why you'd probably not accept this ... proposal and permit the Taj to stay open and also to save jobs. "
Atlantic City started the season with 12 casinos. The Taj Mahal could be the fifth to close this season amid decreasing earnings and increased levels of competition from neighboring states. In case it shutters, the 3, 000 employees would join a number of 8, 000 other Atlantic City casino employees who've lost their jobs this season.
In addition to restoring healthcare for at least 24 months, the company is providing to contribute to your proposed new pension plan the union had discussed through negotiations. In returning, the union would have to withdraw its benefit of an October, 17 bankruptcy court order canceling this union's contract with this Taj Mahal, freeing the casino from costly healthcare and pension requirements.
McDevitt declined to remark on the letter. Within recent weeks, he led 3 high-profile demonstrations up against the planned shutdown of the Taj Mahal and also billionaire investor Carl Icahn's role within it.
The union's grievances extend beyond this termination of healthcare and pension ideas. The company also desires to eliminate paid meal breaks and improve productivity quotas for a few workers, which could have the effect regarding reducing their overall compensation.
Trump Entertainment is pursuing an intricate plan to preserve the casino by transferring ownership to help Icahn, who'd pump $100 million in it. That investment is contingent upon receiving city or state officials to sign off on $175 mil in assistance. The New jersey Senate President Steve Sweeney and also Atlantic City Mayor Don Guardian have refused that request, and Gov. Chris Christie had been decidedly cool to it at a forum Wednesday upon the city's future.
In his letter towards the union, Griffin had written that, "We have created significant progress in this discussions with representatives from the state and local governments over a package of residence tax relief as well as other incentives, which gives us confidence we should be able to keep the Taj Mahal open when you accept the... proposal. "
"There is nothing to become gained from this appeal, " Griffin had written. "Even if Local 54 wins, the Taj Mahal will stay closed and Local 54 may have gained nothing. "
Source::
This above story is based on materials provided by the Yahoo News and image credit also.
Trump Entertainment Resorts stated Saturday it has offered to restore health care insurance to its 3, 000 workers for a minimum of two years when the union will drop its appeal of the court order that canceled the health insurance and also pension scheme for casino workers. It made the offer in the letter to Bob McDevitt, president of Local 54 from the Unite-HERE casino employees union.
Company president Robert Griffin informed McDevitt the casino plans to in close Dec. 12 and that the shutdown procedure will accelerate in a few days. But he says when the union withdraws it's appeal, the Taj will continue open.
"Given that healthcare is the most important piece of your own agenda, we have found a method to restore full healthcare to Local 54 employees in the Taj, " Griffin had written. "As a consequence, we cannot think about any reason why you'd probably not accept this ... proposal and permit the Taj to stay open and also to save jobs. "
Atlantic City started the season with 12 casinos. The Taj Mahal could be the fifth to close this season amid decreasing earnings and increased levels of competition from neighboring states. In case it shutters, the 3, 000 employees would join a number of 8, 000 other Atlantic City casino employees who've lost their jobs this season.
In addition to restoring healthcare for at least 24 months, the company is providing to contribute to your proposed new pension plan the union had discussed through negotiations. In returning, the union would have to withdraw its benefit of an October, 17 bankruptcy court order canceling this union's contract with this Taj Mahal, freeing the casino from costly healthcare and pension requirements.
McDevitt declined to remark on the letter. Within recent weeks, he led 3 high-profile demonstrations up against the planned shutdown of the Taj Mahal and also billionaire investor Carl Icahn's role within it.
The union's grievances extend beyond this termination of healthcare and pension ideas. The company also desires to eliminate paid meal breaks and improve productivity quotas for a few workers, which could have the effect regarding reducing their overall compensation.
Trump Entertainment is pursuing an intricate plan to preserve the casino by transferring ownership to help Icahn, who'd pump $100 million in it. That investment is contingent upon receiving city or state officials to sign off on $175 mil in assistance. The New jersey Senate President Steve Sweeney and also Atlantic City Mayor Don Guardian have refused that request, and Gov. Chris Christie had been decidedly cool to it at a forum Wednesday upon the city's future.
In his letter towards the union, Griffin had written that, "We have created significant progress in this discussions with representatives from the state and local governments over a package of residence tax relief as well as other incentives, which gives us confidence we should be able to keep the Taj Mahal open when you accept the... proposal. "
"There is nothing to become gained from this appeal, " Griffin had written. "Even if Local 54 wins, the Taj Mahal will stay closed and Local 54 may have gained nothing. "
Source::
This above story is based on materials provided by the Yahoo News and image credit also.
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