AFTRA, Networks Reach New Three Year Deal

AFTRA and the television networks reached agreement on a new three-year contract today, with the new pact featuring now-standard 2% annual wage increases and an unusually large 1% increase in employer contributions to health and retirement.

Notably, the union achieved the H&R increase without employers taking a bite out of the annual wage increase. Usually, a tradeoff between the two is required, which could have reduced one or more of the annual increases to a politically unpalatable 1-1/2% level. An AFTRA statement confirmed the issues’ importance, calling the 1% increase the union’s “primary objective” in the bargaining.

Details: The Hollywood Reporter.

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