Monday, July 19, 2010

Transportation strike may paralyze Hollywood (THR)

The hang-up is a single issue: Will the Teamsters' annual raise be 2% or 3%? That 1% difference amounts to tens of millions of dollars per year, according to a management-side source -- not insignificant to an industry reeling from the recession, collapsing DVD revenue and uncertain new-media business models.
I sure as heck don't begrudge anyone a raise, but doesn't it occur to anyone (or rather, everyone) that the amount of money lost by going on strike will never be regained, no matter if the extra 1% is given or not. All parties lose with a work stoppage. Let's hope the Teamsters contract gets settled before that happens.
Read the full article here.

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