IATSE Aims to Wrap Up Bargaining by June 27...

IATSE is hoping to wrap up bargaining a new contract with the studios by June 27, after adding an extra week of talks to the schedule

Published Time: 11.06.2024 - 06:31:23 Modified Time: 11.06.2024 - 06:31:23

IATSE is hoping to wrap up bargaining a new contract with the studios by June 27, after adding an extra week of talks to the schedule.

The union announced Monday that it will restart negotiations on both the Basic Agreement and the Area Standards Agreement on June 24, allotting four more days to close both deals.

“We look forward to concluding our bargaining with the AMPTP and reaching an agreement that our members will be proud to ratify,” Matt Loeb, the international president, said in a statement.

Negotiators have reached agreement on several subjects, including provisions covering the use of artificial intelligence and subcontracting. But the major “economic” issues have yet to be resolved, including overall wage increases and funding a $670 million gap in the pension and health plans.

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tified by that date.

The union covers about 50,000 workers under its Basic Agreement, and another 20,000 under the Area Standards Agreement, which covers 23 local unions scattered around the country.

Talks on the Basic Agreement have already been extended once, with three extra days added to the schedule last week. Those talks went late into the night last Wednesday, before negotiators decided to break off and return at a later date.

The Alliance of Motion Picture and Television Producers now has to juggle talks with IATSE and with the Teamsters and other Basic Crafts unions, which began their talks on Monday morning.

The Basic Crafts contract is also set to expire on July 31.