Negotiations for a new contract involving the International Alliance of Theatrical Stage Employees (IATSE), which represents workers in the entertainment industry, continued into the late hours of Wednesday. Despite the lengthy discussions, the parties did not reach a final agreement. They are planning to resume talks, potentially as early as the end of next week.
IATSE Talks Go Late, but Benefit Plans Remain Sticking Point https://t.co/RtpqIYf1h5 via @variety
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During the negotiations, both the union and the studios agreed on several critical points, including the role and use of artificial intelligence in the industry. However, key issues remain unresolved, such as the proposal for wage increases and strategies to manage a significant $670 million funding gap in the union’s health and pension plans expected over the next three years.
On Thursday morning, IATSE communicated an update to its members, maintaining a hopeful tone about the progress. The union emphasized that the discussions have been largely productive so far, with the negotiating committee and the studios finding agreement on numerous issues. The ongoing dialogue indicates a commitment to finding a comprehensive solution that benefits all parties involved. Source
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