ATLANTIC CITY -- The Trump Taj Mahal announced Wednesday it will close its doors after Labor Day weekend following weeks of union members picketing the casino. The rise, fall of Trump's once-crown jewel. Members of the Local 54 of the Unite-HERE walked out on their jobs more info July 1 over health no casino spins deposit, pensions and unpaid vacation time.
As of Thursday it will become the longest strike in Atlantic City's casino era. The casino was reportedly losing millions of dollars a month, according to its owners.
Its total revenue in the first three months was down 1. In a statement Wednesday, union president Bob McDevitt said, "Twenty-two months ago Carl Icahn took away these workers' healthcare, retirement and dignity.
We've all been playing Icahn's game since then. In the end he'll have to live with what he's done to trump casino strike people in Atlantic City, and have to justify whatever myopic prism he is using today to evaluate how, once again, his decision making process makes sense to nobody but himself.
Workers at five casinos threaten to go on strike in the week before the Fourth of Trump casino strike weekend. Http://freekeylogger.biz/casino-honfleur.php Taj Mahal was the only one unable to reach new deal with its employees. The Atlantic City hotel and casino was bought by billionaire investor Carl Icahn in in bankruptcy court.
The casino was opened by Republican presidential nominee Donald Trump casino strike inbut he trump casino strike since given up control of casino and its previous owner Trump Entertainment Resorts. The Taj will be the fifth casino to shutter in recent years. The resort city has struggled economically and state lawmakers haven't been able to agree on a plan to trump casino strike the city. Craig McCarthy may be reached at CMcCarthy njadvancemedia.
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By Craig McCarthy cmccarthy njadvancemedia. The http://freekeylogger.biz/list-las-vegas-casinos.php, fall of Trump's once-crown jewel "With this strike, we see no path to profitability," Tony Rodio, the president and CEO of Tropicana Entertainment Inc. The Taj Mahal announced Thursday the casino would shut down after Labor Day weekend. About Us About NJ. News Local News N. Newspaper stories and photos The Star-Ledger Subscribe The Times of Trenton Subscribe The Jersey Journal Subscribe South Jersey Times Subscribe Hunterdon County Democrat Subscribe The Warren Reporter Suburban News Horse News Learn more about our newspapers.
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Bartenders, housekeepers, servers, cooks, and other casino workers at the Trump Taj Mahal have made history with the longest casino strike in Atlantic City since gambling became legal here more than 40 years trump casino strike. While management and non-union employees have kept the Taj running, about 1, members of UNITE HERE Local 54 walked out July 1 after billionaire owner Carl Icahn refused to reverse deep health and pension benefit cuts enacted in This will be the fifth casino in Atlantic City to close in the past two years.
Taj employees have even died. The rent and cost of living is going up. Not surprisingly, Icahn released trump casino strike statement blaming Local The recent string of casino closings has shocked the economy of Atlantic City and surrounding South Jersey towns, as thousands have already lost their jobs.
Trump casino strike the fall, about 3, employees at Trump Taj Mahal are expected to join them. From the start, Trump shifted his debts onto the casino—along http://freekeylogger.biz/bet-on-us.php two others he owned, Trump Castle and Trump Plaza. While Trump made exorbitant amounts of money for himself, the Taj Mahal was already in trump casino strike court for the first time within only a year of opening.
This company soon faced crippling debt, lawsuits from shareholders, and bankruptcy in Trump casino strike yet another bankruptcy and reorganization inTrump Entertainment Resorts its new name following the bankruptcy was taken over by Avenue Capital Group. While Trump was no longer in charge, he still received stock in the reorganized company and compensation for the use nearest casino from my location his name.
By trump casino strike, Trump Entertainment Resorts was bankrupt trump casino strike. Health care and pension benefits were taken away. Essentially, even though he repeatedly ignored regulators and bankrupted his casinos, Trump took home millions from Atlantic City. During the Republican primary, Trump praised Icahn and put him at the top of his list casino essex Treasury Secretary.
Icahn endorsed Trump and touted their longtime business relationship and friendship. From the beginning, Taj Mahal workers have received community support. In the fall ofwhen Taj workers initially lost their pensions and health care, Local trump casino strike called for a boycott of the casino.
In the month of July, revenue at Trump Taj Mahal was down 8. On the other hand, other Atlantic City casinos performed well over the summer. Throughout the strike, workers from nearby casinos have joined the Taj picket lines, and workers from other unions have also shown their support.
Richard Spieler, a business agent with Electrical Workers IBEWhas organized solidarity for the strike. We've got to support each other. In New York City, Local 54 rallied with other unions outside Icahn Enterprises. They were joined by the Hotel Trades Council as they delivered letters to Icahn.
People support us when they hear what Icahn has done see more us and our families. In addition, they have launched a GoFundMe to raise money for strikers experiencing financial difficulties with rent, mortgages, utility payments, medical bills, trump casino strike other essential expenses. Even after the August 3 announcement that the Trump Taj Mahal would be closing, Local 54 remained on strike. The casino has been subject to rumors of impending closures or massive layoffs for years.
Employees have received Trump casino strike Act notices, which provide advance notice of layoffs, for several false alarms. Some have raised the possibility that if they stop and leave now, Icahn could remain open and try to hire a new, potentially non-union, workforce at lower wages.
In closing Trump Taj Mahal, trump casino strike would generate more business for http://freekeylogger.biz/las-vegas-high-roller-casino.php other casinos in the area. Despite the closing announcement, workers have remained steadfast. Meghan Brophy is a student at Barnard College and a Fellow with the Digital Leadership Project of Organizing 2.
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