The strike is over the restoration of health insurance and pension benefits. Unions have rejected an offer to restore health insurance at a level less than that of.
The strike is over the restoration of health insurance and pension benefits. Unions have rejected an offer to restore health insurance at a level less than that of.
The strike is over the restoration of health insurance and pension benefits. Unions have rejected an offer to restore health insurance at a level less than that of.
βThis battle has been going on for two years.β The union went on strike July 1, and Icahn decided to shut the place down a little over a month later.
Union Goes On Strike Against Trump Taj Mahal Casino
He said management had presented a good faith offer that would have restored some benefits lost during bankruptcy, including an employer contribution towards health care costs. Trump's legacy in Atlantic City under scrutiny. Terms of the agreements were not released, but the union leadership is recommending that rank and file workers vote to ratify them. SmartAsset Paid Partner. Related: More Atlantic City casinos may close says Moody's. Despite the name, Donald Trump no longer runs or owns the casino. NextAdvisor Paid Partner.{/INSERTKEYS}{/PARAGRAPH} But profitability has returned to the eight casinos in recent years, thanks to the reduced gambling competition in the city. Moody's credit rating service suggested in December that even more of the eight remaining casinos may close, as out-of-state competition heats up. The other three -- Caesars, Harrah's and Bally's -- are all owned by Caesars Entertainment, which has been operating under bankruptcy court protection for the past 18 months. One of them, the Tropicana, is also owned by Icahn. It also says many of its workers rely on public assistance, such as government-subsidized health insurance and food stamps. Personal Finance. {PARAGRAPH}{INSERTKEYS}Close to 1, workers at the casino went on strike at 6 a. The Atlantic City casino industry has been struggling with four casinos having closed in the last few years. Strikes were averted at four other Atlantic City casinos that had also been facing the threat of walkouts after tentative labor agreements were reached Thursday. These are your 3 financial advisors near you This site finds and compares 3 financial advisors in your area Check this off your list before retirement: talk to an advisor Answer these questions to find the right financial advisor for you Find CFPs in your area in 5 minutes. The city government itself is trying to avoid its own bankruptcy. CNNMoney Sponsors.