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Icahn has been fighting the union over cost-saving measures at the bankrupt Taj Mahal.
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Icahn has been fighting the union over cost-saving measures at the bankrupt Taj Mahal.
“We are rapidly adapting our processes and business as well as human, financial and technological resources to increase focus on new high potential areas."
The company will sell its studios in Glendale California for $185 million to raise some badly needed cash.
The announcement comes a few months after JAB Holding paid $374 million to take the company private.
“Everyone at this company has been violated and nobody here deserved this, ” she said.
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