Culinary Union Says New Agreement With MGM Resorts Includes The Largest Wage Increases Ever Negotiated In Culinary Union's History; Additional Specifics Of New Union Collective Bargaining Agreement With MGM Are Not Disclosed Publicly At This Time
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The Culinary Union has announced a new agreement with MGM Resorts, which includes the largest wage increases ever negotiated in the union's history. The specifics of the new union collective bargaining agreement with MGM are not disclosed publicly at this time.
November 09, 2023 | 3:00 pm
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MGM Resorts has reached a new agreement with the Culinary Union, which includes the largest wage increases in the union's history. The specifics of the agreement are not yet disclosed.
The new agreement with the Culinary Union, which includes the largest wage increases in the union's history, could potentially increase MGM Resorts' labor costs. This could negatively impact the company's short-term profitability, hence the negative score. The specifics of the agreement, which are not yet disclosed, could further influence the impact on MGM's stock.
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IMPORTANCE 75
RELEVANCE 100