Business briefs for Nov. 17
Published 7:55 am Friday, November 15, 2024
Las Vegas hotel
workers strike
Hundreds of Las Vegas hotel workers have gone on strike at a casino near the Strip. It’s the first open-ended strike in 22 years for the Culinary Workers Union, which represents 60,000 hospitality workers across Nevada. That includes the 700 who went on strike Friday morning at Virgin Hotels Las Vegas. The strike comes after a bitter and highly publicized fight for a new contract that started over a year ago. Housekeepers, cocktail waitresses, porters, bellmen and more were on the picket line Friday. The union says it’s trying to win the same pay raises and benefits that it’s gotten for the rest of its Las Vegas members since last November.
Retail sales
rose in October
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, a solid increase though less than the previous month’s robust 0.8% gain. A 1.6% jump in sales at auto dealers drove much of the gain. Purchases climbed 2.3% at electronics and appliances stores and 0.7% at restaurants and bars. Though some of October’s rise in retail sales reflected higher prices, it mainly indicated increased purchases. Friday’s report arrives as retailers are poised to enter the critically important holiday shopping season.
GM lays off about
1,000 workers
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few details. GM said it has to operate efficiently and have the right team structure to focus on its top priorities. GM and other automakers have been navigating an uncertain transition to electric vehicles worldwide, trying to figure out where to invest capital. The company has had to update gas-powered models while investing in EV battery and assembly plants as well as minerals and other parts for the next generation of electric vehicles.
— Bulletin staff and wire reports