MGM Reaches Deal With Union to Avert a Strike. That’s Not the Only Good News.

MGM Resorts International averted a strike by reaching a tentative deal with the Culinary and Bartenders unions ahead of a Friday strike deadline. “We applaud MGM Resorts International, a company with which we have an over 40-year relationship, for showing leadership and doing the right thing to ensure their employees are treated with respect,” said Ted Pappageorge, secretary-treasurer of the Culinary union, in a statement. MGM Chief Executive Bill Hornbuckle said in a statement to Barron’s that the company was pleased to have reached a tentative agreement that averts a strike, “gives our Culinary Union employees a well-earned boost to pay and benefits and reduces workloads—all while continuing to provide opportunities for growth and advancement.”