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.
AFTRA, Networks Reach New Three Year Deal
AFTRA, Networks Reach New Three Year Deal
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.