Saturday, January 31, 2015

Billionaire: Taj Mahal benefit cuts an 'essential sacrifice'



ATLANTIC CITY, N.J. - (AP) -- The battle for the future of the Trump Taj Mahal casino heated up Friday as the National Labor Relations Board urged a judge to restore workers' benefits and soon-to-be-owner Carl Icahn said the cuts are "an essential sacrifice that must be made" to keep the casino open.


Icahn responded in a letter to employees who demonstrated a day earlier outside his New York offices, saying their union was delaying a new contract by insisting on preserving a health insurance plan he called "a lucrative racket" for union bosses. His letter to Taj Mahal workers came shortly after the labor board filed a brief in support of Local 54 of Unite-HERE, which is trying to overturn an October bankruptcy court ruling that canceled health insurance and pension coverage.

About 100 union members hand-delivered a letter to Icahn's Manhattan offices Thursday claiming the billionaire investor, who also owns Atlantic City's Tropicana casino, is fighting against the little guy. Icahn dismissed that accusation Friday.

"I am fighting for those employees -- fighting to save their jobs in the midst of a wholly unstable crisis -- and my efforts are being mischaracterized and attacked by a union that exploits those employees for its own gain," Icahn wrote.

The union had no immediate comment on Icahn's letter.

Source: Newsday

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