Monday, October 13, 2014

Union made counteroffer on pensions to save Trump Taj Mahal casino



Local 54 of UNITE-HERE offered Sept. 26 to accept reduced pension contributions for its Trump Taj Mahal workers, according to a Tuesday filing by the casino workers union in federal bankruptcy court in Wilmington, Delaware.

The letter, which was issued following a Sept. 24 bargaining meeting between the union and casino parent company Trump Entertainment Resorts, says the union would have taken such a reduction subject to the approval of the National Retirement Fund. It offered to consider another plan offering benefit accrual in line with that of the national fund should such approval not be given.


Trump Entertainment plans to shut the Taj on Nov. 13 if it doesn’t get concessions from the union and massive tax breaks from Atlantic City and the county and state governments. The Taj says it cannot stay open if it continues to make health and pension payments and that workers instead should obtain health insurance through the Affordable Care Act and be offered a 401(k) retirement option.

U.S. Bankruptcy Judge Kevin Gross is expected to consider the company’s request to make sweeping changes to its labor contract with Local 54 at a hearing Tuesday. Both sides are expected to meet for a negotiating session Friday.

Case filings show a heated debate between the union and resort leadership, with Trump Entertainment Resorts lawyers on Wednesday accusing the union of violating bankruptcy procedures by urging the casino’s convention clients to take their business elsewhere.

The Trump Entertainment motion includes a quote from a letter, attributed to union worker Kaitlyn Schechter, urging convention attendees to put into their contracts language protecting them in the event of a labor dispute or closing.

The motion further alleges the union illegally obtained the lists of upcoming convention attendees, which are not publicly available, for the purpose of sending its letter.

Trump Entertainment Resorts is asking that sanctions be issued against the union and that they be required to retract the statements in their letters.

Local 54 representative Ben Begleiter said it’s the union’s belief that the First Amendment and the National Labor Relations Act protect its right to explain the facts of a labor dispute with customers, many of whom might be sympathetic.

“Atlantic City is a market that has a great deal of labor- and union-friendly customers, and they don’t want to put themselves in the middle of a dispute with an employer that’s trying to eliminate the health care plan for over 1,000 workers,” he said.

Robert Griffin, Trump Entertainment’s CEO, would not comment directly on the union’s offer of reduced pension contributions but said the company “will remain committed to negotiating in good faith. We hope to make the most of the three hours we will be meeting for on Friday.”

The company must soon decide whether to close the Taj. It would need time to file a formal request with New Jersey casino regulators to close the casino by its Nov. 13 deadline — something it has not yet done.

Billionaire Carl Icahn controls about $286 million in first-lien debt secured by the Taj Mahal and the closed Trump Plaza Hotel and Casino. He has suggested he is open to helping save the Taj by turning debt into equity and providing $100 million in capital to Trump Entertainment, but only if union and government officials deliver concessions.

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