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…)
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