Cast & Crew, one of Hollywood’s leading payroll companies, said tonight that it’s furloughing “a significant percentage” of its employees, and is implementing salary reductions of 50% for executive management and 25% for vice presidents and other senior employees.
It’s also decreasing work hours “for a portion of the staff,” but a spokesman declined to say how many employees are affected, or how many employees there are.
More from DeadlineCast & Crew Payroll Company Acquires Rival Media ServicesProduction Payroll Firm Cast & Crew Acquires UK-Based Sargent-DiscFred Milstein, Scott Nicolaides To Lead Completion Bond Firm Media Guarantors
“Cast & Crew and companies across all industries have been focused on the well-being of their employees and their families, as well as the ongoing financial condition of the company,” said CEO Eric Belcher. “After evaluating our options given the temporary entertainment industry slowdown caused by Covid-19, we are taking several actions to align our costs to...
It’s also decreasing work hours “for a portion of the staff,” but a spokesman declined to say how many employees are affected, or how many employees there are.
More from DeadlineCast & Crew Payroll Company Acquires Rival Media ServicesProduction Payroll Firm Cast & Crew Acquires UK-Based Sargent-DiscFred Milstein, Scott Nicolaides To Lead Completion Bond Firm Media Guarantors
“Cast & Crew and companies across all industries have been focused on the well-being of their employees and their families, as well as the ongoing financial condition of the company,” said CEO Eric Belcher. “After evaluating our options given the temporary entertainment industry slowdown caused by Covid-19, we are taking several actions to align our costs to...
- 4/10/2020
- by David Robb
- Deadline Film + TV
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