The owners of the Trump Taj Mahal casino say Atlantic City’s main casino workers’ union has reneged on a deal to keep the casino open and save its 3,000 jobs.
In a letter to union president Bob McDevitt, Trump Entertainment Resorts CEO Bob Griffin gave the union until 5 p.m. Monday to drop its appeal of a court-ordered cost-reduction package that canceled employee health insurance and pension plans.
Griffin says he thought the company and the union agreed to a deal earlier this week, but says the union hasn’t signed it.
McDevitt declined comment.
Billionaire Carl Icahn plans to take over the company in return for canceling $286 million of its debt that he owns.
But he wants significant tax help, which several proposed state measures would provide.