The International Alliance of Theatrical Stage Employees, the union that represents TV production and trade show employees, among others, has struck a tentative agreement with the Alliance of Motion Picture and Television Producers it says protects its pension and health benefits.
According to IATSE International President Matthew Loeb, the new agreement includes a $1 per hour increase in employee contributions to the health plan, a 20% increase, but those plans will not be reduced.
The agreement also includes 2% per year pay increases.
"These negotiations lasted over three weeks and broke off once, due to disagreement on the premium structure. The second round of negotiations has resulted in a fair deal that will provide employment stability, protect our health and pension plans and provide for wage increases in a fragile economy," said Loeb in a statement.
The Directors Guild of America gave a conditional shout-out for the deal.
"We applaud the IATSE negotiations committee for achieving a tentative new master contract that addresses key issues for its members, and we look forward to studying the details of the tentative agreement closely," said DGA president Taylor Hackford in a statement.