East and west coast members of the Writers Guild of America have voted by more than a three to one margin – 2,017 to 698 – to approve a three-year extension of the industry collective-bargaining agreement that would have expired May 1, 1992.
The pact is not a standstill agreement. It boosts minimums 4.5% a year in the final three years, representing an aggregate increase of 14.1% in the three years following the canceled May 1, 1992, expiration date. The 4.5% annual hike also applies to residuals tied to minimums.
Lumped with the 14.7% increase in minimums in the current agreement, the combined jump in minimums through 1995 amounts to 30.9% in the course of the full six-year term of the two pacts.
The principle of interim negotiation – a revolutionary development in collective bargaining – will be furthered by a newly authorized “contract adjustment committee,” empowered to establish a bargaining forum during term of contract, subject to membership ratification of any tentative agreement developed by the panel.