Union leaders representing the workers have threatened further walkouts. Thousands of Los Angeles-area hotel staffers went on a three-day strike in July over improved wages, benefits and working conditions. In July, France's sixth largest retailer reached an agreement in principle with a consortium led by Kretinsky's company EPGC - alongside Casino's biggest creditor Attestor, and second-biggest shareholder Fimalac - to restructure its 6.4 billion euros ($6.7 billion) debt pile.

"Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," CEO and controlling shareholder Jean-Charles Naouri said in a statement. Oct 10 (Reuters) - A tight U.S. labor market, the expiry of union contracts and high living costs have led to tough negotiations for pay hikes and benefits, triggering strikes and protests across industries.

In July, the SAG-AFTRA actors union joined the writers on picket lines, and it remains on strike. Negotiators for striking Hollywood actors met with representatives of major studios, television networks and streaming services this week and said negotiations will resume on Oct. On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors.

The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye. PARIS, Oct 4 (Reuters) - Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent.

25 to obtain from a commercial court the start of an accelerated safeguard procedure under which it could approve the plan with the support of secured creditors and compel reluctant creditors to follow. Casino reiterated it had until Oct. Unions representing the roughly 53,000 Las Vegas workers met last week with MGM, Caesars and Wynn Resorts over a new five-year contract. Thousands of Las Vegas workers will picket in front of eight MGM Resorts and Caesars Entertainment resort locations on Thursday.

Steel, which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steelworkers union. The company's unionized workers say they essentially have the power to veto any transaction they do not approve of. In September, workers at three Detroit casinos - MGM Grand Detroit, Hollywood at Greektown and MotorCity - voted in favor of authorizing a strike at all three locations if a new contract agreement isn't reached.

The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Under the July agreement, 1 If you liked this write-up and you would certainly like to receive even more details concerning legit online casino kindly check out the web site. .