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Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic. The culinary workers union and bartenders union represent workers at properties around the city, including those operated by MGM Resorts International, Caesars Entertainment , and Wynn Resorts. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators post record profits.
If you cherished this post and you desire to receive guidance about เครดิตฟรี 49 generously pay a visit to our web site. In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count. (Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) Unions in the auto, rail, healthcare and other industries have kept companies off balance in recent months with labor actions.
The unions are among the most powerful in the United States, representing 53,000 hospitality workers in Las Vegas. Oct 9 (Reuters) - Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Last Casino was created in 2004. Some 95% of union members voted in September to authorize a citywide strike. Tourism is the city's lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November.
The casino operators "stated in our meetings that negotiation processes are about where they thought they´d be at this time with expectations to reach an agreement in October," Truist equity analyst Barry Jonas said in a note. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety. Pappageorge said that negotiations were "very disappointing" and the companies did not make substantive wage proposals.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. Their demands mirror similar activity in shipping, rail and auto industries where employees have sought better compensation due to the higher cost of living as unemployment stays low. The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.
He estimated that wage increase could translate to a $40 to $60 million annual financial effect on Caesars and double that amount for MGM.
If you cherished this post and you desire to receive guidance about เครดิตฟรี 49 generously pay a visit to our web site. In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count. (Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) Unions in the auto, rail, healthcare and other industries have kept companies off balance in recent months with labor actions.
The unions are among the most powerful in the United States, representing 53,000 hospitality workers in Las Vegas. Oct 9 (Reuters) - Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Last Casino was created in 2004. Some 95% of union members voted in September to authorize a citywide strike. Tourism is the city's lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November.
The casino operators "stated in our meetings that negotiation processes are about where they thought they´d be at this time with expectations to reach an agreement in October," Truist equity analyst Barry Jonas said in a note. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety. Pappageorge said that negotiations were "very disappointing" and the companies did not make substantive wage proposals.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. Their demands mirror similar activity in shipping, rail and auto industries where employees have sought better compensation due to the higher cost of living as unemployment stays low. The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.
He estimated that wage increase could translate to a $40 to $60 million annual financial effect on Caesars and double that amount for MGM.
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