A strike of Condé Nast workers amid the Met Gala this night has been averted, because the union stated that it had reached a tentative settlement on their first contract with the publication.
“Our pledge to do ‘no matter it takes’ forward of the [Met Gala] moved the corporate and our progress on the bargaining desk kicked into excessive gear,” the Condé Union stated in an announcement.
The union stated that the settlement features a $61,500 beginning wage flooring and $3.3 million in whole wage will increase.
The union represents greater than 500 staffers at publications like Vogue, Vainness Truthful and Architectural Digest. However the decline of the journal enterprise and slowdown of digital video led to the corporate’s announcement final 12 months that it deliberate to trim 5% of its workforce.
The union stated that the settlement additionally contains eight weeks of severance for workers on the layoff record, in addition to three months of Cobra protection or a lump-sum cost in lieu of protection. It additionally contains a further $1,000 cost.
A Condé Nast spokesperson didn’t instantly return a request for remark.
A strike would have probably meant picketers exterior the Met Gala, the annual style occasion organized by Vogue, drawing an array of boldfaced names at the price of $75,000 per ticket.
