Shares of MGM Resorts were falling over 6% in afternoon trading Monday after Las Vegas casinos notified their staff that if they weren't recalled from furlough by August 31, they would subsequently be fired.
Major employers are required under the federal Worker Adjustment and Retraining Notification Act to notify their workers when there are expected to be mass firings. MGM Resorts, Wynn Resorts, Tropicana and other casino operators sent out such notifications.MGM told its employees that it had originally hoped the casino closures would be brief and full operations could be restored.
That means the"large majority" of employees in the entertainment and sports division will be fired on that date. Health benefits will also be terminated on that date, though employees who are let go will be able to still apply for emergency grants from the casino through Nov. 29, 2020.
Source: Entertainment Trends (entertainmenttrends.net)
We have to pay out the billionaires first, apparently
The result of the lockdown. Lives destroyed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MGM Resorts says 'large majority' of employees in the entertainment, sports division will be firedThe 'large majority' of MGM employees in the entertainment and sports division will be fired at the end of August. Great Governor there driving that state into oblivion. The buffet at the grand is terrible
Source: USATODAY - 🏆 100. / 63 Read more »
MGM Resorts says 'large majority' of employees in the entertainment, sports division will be firedThe 'large majority' of MGM employees in the entertainment and sports division will be fired at the end of August. Great Governor there driving that state into oblivion. The buffet at the grand is terrible
Source: USATODAY - 🏆 100. / 63 Read more »
Rich Paul Named to UTA Board of DirectorsPaul, an agency partner, has been the head of the agency's sports division since July 2019.
Source: THR - 🏆 411. / 53 Read more »
ViacomCBS Networks Int'l Promotes Executives in Youth & Entertainment UnitViacomCBS Networks International has unveiled key leadership promotions in its Youth & Entertainment division. More details:
Source: THR - 🏆 411. / 53 Read more »
Walmart, Target to Close for Thanksgiving Amid PandemicWalmart, the world's largest retailer says it will close all of its stores on Thanksgiving Day in part to honor their employees who have faced “a trying year” with the coronavirus pandemic. They way it should be. Being with family is more important. I shop online now 98% of the time. Whoopi. Like anyone actually goes to these Chinese virus dumps on Thanksgiving.
Source: WebMD - 🏆 709. / 51 Read more »
Bottega Veneta Resort 2021 Fashion Show'Fashion, at its most compelling, brings pleasure because it paints a vision of the future that looks fresh and new.' See every look from the Bottega Veneta resort 2021 collection and read our full review: voguemagazine TheRealDominicanRepublic voguemagazine 🔥 🔥 voguemagazine That is poor fashion. Fashion is what enhances you! Not everyone need be a clothes horse
Source: VogueRunway - 🏆 705. / 51 Read more »