Local News

Union Makes Counteroffer To Save Taj Mahal Casino

/ CBS Philadelphia

ATLANTIC CITY, N.J. (AP) — The main casino workers' union in Atlantic City has made a counteroffer to the owners of the Trump Taj Mahal casino, proposing reduced pension contributions.

Local 54 of the Unite-HERE union responded to Trump Entertainment Resorts' demand that workers give up their entire pension and health care coverage as part of a complex plan to keep the casino open.

Trump Entertainment plans to shut the Taj Mahal on Nov. 13 if it doesn't get concessions from the union and massive government tax breaks.

The company's proposed reorganization hinges on its lender, billionaire Carl Icahn, pumping $100 million in new money into the casino, which he would then own.

Trump Entertainment wants a bankruptcy court judge in Delaware to let it terminate its union contract.

Both sides will meet on Friday.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

First published on October 9, 2014 / 1:18 PM EDT

© 2014 CBS Broadcasting Inc. All Rights Reserved.

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