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. 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.
The coordinated strike, which began after the earlier contracts expired on Sept. 15, initially targeted three assembly plants in Michigan, Ohio and Missouri. The United Auto Workers (UAW) union has expanded its ongoing strike against the Detroit Three automakers – General Motors , Ford Motor and Chrysler parent Stellantis . Teamsters union workers at United Parcel Service ratified a new five-year contract in August, a deal that raises pay, eliminates a two-tier wage system for drivers, provides another paid holiday and ends forced overtime.
Under the July agreement, 1.2 billion euros of new money would be injected into Casino and its 6.4 billion euros of debt would be restructured. A consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares. 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. Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on Oct.
Film and television writers had walked off the job in May over compensation, staffing and residual payments, among other issues. They went back to work on Sept. 27 after negotiators reached a tentative agreement. Nearly 309,700 workers have been involved in work stoppages and strikes through August this year, according to preliminary data from the U.S. Bureau of Labor Statistics, putting 2023 on track to becoming the busiest year for strikes since 2019.
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. 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.
In case you loved this article and you wish to receive details concerning fafa178 คาสิโนออนไลน์ ออโต้ เว็บตรง 2023 assure visit our own website. 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. Oct 10 (Reuters) – A tight U.S. Thousands of Los Angeles-area hotel staffers went on a three-day strike in July over improved wages, benefits and working conditions. Union leaders representing the workers have threatened further walkouts.
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