One day after its national board approved a new TV-theatrical contract, SAG said it plans to lay off about 35 employees, or about 8% of the staff.
"To close a gap between the guild's expected revenue and costs in the upcoming fiscal year budget, SAG is undertaking a number of expense reductions, including the elimination of some staff positions," SAG spokesperson Pamela Greenwalt said Monday. "This is a difficult but necessary step that must be taken to responsibly address the fiscal realities confronting our organization."
On Saturday, the national board approved a $60 million annual budget even as it contends with a $6.5 million operating deficit for fiscal 2009.
The pink slips come at a tumultuous time for the union, which has suffered from a year of destructive internal political struggles, declining revenue from dues and investments, a slowdown in film work for actors as guild leadership negotiated the TV-theatrical contract and a flood of...
"To close a gap between the guild's expected revenue and costs in the upcoming fiscal year budget, SAG is undertaking a number of expense reductions, including the elimination of some staff positions," SAG spokesperson Pamela Greenwalt said Monday. "This is a difficult but necessary step that must be taken to responsibly address the fiscal realities confronting our organization."
On Saturday, the national board approved a $60 million annual budget even as it contends with a $6.5 million operating deficit for fiscal 2009.
The pink slips come at a tumultuous time for the union, which has suffered from a year of destructive internal political struggles, declining revenue from dues and investments, a slowdown in film work for actors as guild leadership negotiated the TV-theatrical contract and a flood of...
- 4/20/2009
- by By Jay A. Fernandez
- The Hollywood Reporter - Movie News
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