Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
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

Listen to the article now

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.


Comment Template

You May Also Like

Business

In the wake of Walmart’s departure as a major stakeholder and a stagnating Chinese e-commerce market, JD.com must persuade investors of its importance. This...

Technology

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the...

Economy

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...

Politics

  Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok