The New Jersey Sports and Exposition Authority told Meadowlands Racetrack workers on Monday, March 7 that they are going to be sent a formal notice this week stating that layoffs could be coming in 60 days' time.
Addressing the fact that racetrack owner Jeff Gural is trying to attract financing to take over the Meadowlands Racetrack, Liguori said, "[Gural is] trying to take over an operation that's losing $12 million or so a year, so savings have to come from different places, and the biggest cost is probably payroll — whether management or union. That reality is setting in."
http://www.northjersey.com/sports/11...f_notices.html