In an effort to keep legitimate theater productions on Broadway lit, New York locals and the IATSE have jointly agreed to a 25% wage reduction for a four week period, it was announced by Thomas C. Short, President of the International. This decrease came in response to the economic chaos created by the recent attack on the city. As a result, five major productions including Chicago, Full Monty, Les Miserables, Phantom of the Opera and Rent, are threatened with closing unless substantial economic relief can be found.
“The recent attack devastated the country and our City in particular. This joint effort is being done in the spirit of cooperation between New York locals, the IATSE and The League Of American Theaters and Producers as a necessary step to preserve the jobs of our members and others. It is important for everyone to work together in this time of crisis,” Short asserted.