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IATSE Locals accept limited wage reductions to keep Broadway lit

IATSE Locals One, 751, 764, 798, ATPAM 18032 and USA829 accept limited wage reductions to keep Broadway lit.

In an effort to keep legitimate theater productions on Broadway lit, New York locals and the IATSE jointly agreed to a 25% wage reduction for a four week period.  This decrease came in response to the economic chaos created by the September 11th attack on the city.  As a result, five major productions including Chicago, Full Monty, Les Miserables, Phantom of the Opera and Rent, were threatened with closing unless substantial economic relief could be found.