00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Around 2,000 hospitality workers at SoFi Stadium in Los Angeles reached a tentative deal
00:07with concessions operator Legends Global, averting a potential strike during the World Cup,
00:12according to the Wall Street Journal.
00:14The agreement raises hourly wages for the lowest paid workers to $40 from less than $28.
00:20The contract also gives Unite Here Local 11 the right to strike during the World Cup
00:25if workers feel threatened by federal immigration agents.
00:28Other provisions include contributions toward worker housing,
00:32protections against automation and subcontracting,
00:34and premium pay for the World Cup and 2027 Super Bowl.
00:38Union members will vote on Wednesday to ratify the deal.
00:42The contract expires in April 2028, ahead of the Los Angeles Summer Olympics.
00:47For all things money, visit Benzinga.com.
Comments