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IATSE Locals Unanimously Ratify New Hollywood Basic Agreement

Los Angeles, July 3 – The 14 Hollywood-based locals representing over 38,000 members of the IATSE working in motion picture and television production have ratified the new Hollywood Basic Agreement with the AMPTP.  The three-year contract, which will go into effect August 1, 2012, is the result of negotiations that began March 7 and concluded April 12.

Some of the achievements to the agreement were:  Wage increases by 2% per year, compounded, and an increase of $1.00 per hour in benefit contributions.  It was further agreed that the maintenance of benefits would remain the same and there would be no reduction in benefits.  Current retirees will continue to receive a 13th and 14th check.