Dire warnings came out of the Trump Entertainment Resorts
Inc. bankruptcy, as Judge Kevin Gross weighed whether to allow the company
withdraw immediately from a union pension plan.
Trump Entertainment's lawyers said that the company will
definitely exit the pension plan, either with the judge's permission or through
liquidation.
That process could start in the third week of this month
if Trump isn't also allowed to reject its contract with Unite Here Local 54,
which represents 1,136 workers at Taj Mahal.
Trump, which closed Trump Plaza on Sept. 16, is also
seeking property-tax breaks from Atlantic City worth $29.8 million. Mayor Don
Guardian said the city can't afford it. The judge's decision is expected
Friday.
Source: Philly.com
No comments:
Post a Comment