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‘Oppenheimer’ VFX House DNEG Responds to Pay Cuts – The Hollywood Reporter

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Days after the lead visible results home behind Oppenheimer and Dune was reported to be present process cost-cutting measures that included pay cuts as excessive as 25 %, DNEG is elaborating on these plans.

“As we continue to proactively review this difficult situation, we have been consulting closely with our employees and teams across the globe,” the assertion to The Hollywood Reporter reads, with the corporate saying that these measures embody choices reminiscent of diminished hours for diminished pay, compensation for misplaced wages within the type of extra paid go away, and a option to unfold the impact of the wage discount over an extended time frame. Continued the assertion: “We continue to work with our teams to determine the best course of action for all, with the overall aim of avoiding the need to significantly reduce our global workforce, so that we’re ready once productions resume.”

The report of pay cuts revealed in Deadline on Friday sparked concern, with the U.Okay.’s Broadcasting, Leisure, Communications and Theatre Union (Bectu) saying that it might maintain an “urgent meeting” on Monday in regards to the cuts.

DNEG, whose artists have gained Oscars for motion pictures together with Dune, Tenet and Interstellar, is London-headquartered and employs hundreds of individuals in international locations together with England, Canada, Australia, India and the U.S.

“We are continuously and proactively reviewing all areas of our business to ensure that we can continue to deliver the highest quality work while protecting as many of our employees’ positions as possible,” continued the assertion. “In order to do that, we’ve asked employees and team members earning above certain salary thresholds, including the most senior executives and creative leaders, to assume short-term pay cuts that will enable us to maintain the maximum number of jobs through this period.”

The cuts come amid the WGA and SAG-AFTRA strikes which have led to industrywide layoffs, furloughs and wage reductions.

Concluded the assertion: “We’re proposing solutions that are designed to sustain jobs and keep as much money as possible in our employees’ pockets during this difficult period, while positioning the company to meet the current economic challenges, and be ready to get straight back to work on new projects for our clients once this disruption passes.”

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