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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Las Vegas hospitality unions ratify contract with MGM

An exterior view of MGM Grand hotel and casino
An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems du... An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett
An exterior view of MGM Grand hotel and casino
An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems du... An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett

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Las Vegas hospitality unions ratify contracts with MGM. The MGM Resorts (MGM.N.) employees’ unions said on Tuesday that they had cast their votes to approve a new five-year contract extending employment to nearly 25,000 people in the hotel industry.

The approval of the contract came the day after hundreds of employees approved one with competitor Caesars Entertainment (CZR.O.).

The Culinary Workers Union claimed on X, formerly known as Twitter, “Thousands of union members employed at MGM Resorts have voted by 99% yes to ratify their new 5-year contract with MGM.”

In order to avoid a strike that would have closed down the Las Vegas Strip, the unions and MGM Resorts came to a tentative agreement for a new contract earlier this month.

As part of the tentative agreement earlier this month, the Las Vegas unions—regarded as among the strongest in the country—successfully negotiated requirements for daily room cleaning and enhanced employee safety measures.

Because of the labor shortage, unions pressure employers to raise wages and benefits. The post-pandemic resurgence in Las Vegas tourism has resulted in record earnings for casino resort operators.

Since the middle of October, MGM employees in Detroit have been on strike. On Monday, the workers voted against a five-year labor deal and declared they would continue their month-long protest.


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