Monday, June 29, 2015

Waldorf Astoria strikes $149M deal with union

The Waldorf Astoria

The Waldorf Astoriaal

The hotel workers union has stood in the way of plans to convert a portion of the Waldorf Astoria into luxury condos, ever since its $1.95 billion sale to a Chinese firm earlier this year. But the new owner and the workers have now struck a $149 million deal. Some employees are eligible for more than $300,000 payouts and one worker will receive $656,409.68. (more…)

No comments:

Post a Comment