Home Forex MGM Resorts reaches labor deal with Las Vegas unions, averts strike

MGM Resorts reaches labor deal with Las Vegas unions, averts strike

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The Culinary Union and the Bartenders Union, representing more than 57,000 workers, had planned to strike on June 1 if a deal had not been reached. The workers lease expired on May 31, and while the two sides had continued talks since then, it was uncertain if an agreement could be reached before the strike deadline.

The labor deal consists of a five-year contract agreement that includes wage increases and maintained healthcare benefits. The workers will receive an annual 3 percent wage increase, additional protections regarding the use of technology, and $50 minimum wage increases for certain positions. MGM Resorts also agreed to contribute an additional $20 million for employee healthcare, retirement and other benefits. The agreement follows months of negotiations between MGM Resorts, the Culinary Union, and the Bartenders Union. Both sides commended each other and expressed satisfaction with the outcome.

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