CAA implements pay-cuts due to coronavirus pandemic
Published on Apr 08, 2020
Pay-cuts up to 50%; no redundancies.
CAA has joined the other major Hollywood agencies and implemented pay-cuts amid to coronavirus pandemic.
The company was informed of the move on Wednesday morning (8). It is understood that depending on seniority, agents and employees will see their pay cut by up to 50%. CAA heads Richard Lovett, Bryan Lourd and Kevin Huvane are taking no salary for the year. There are no redundancies.
A spokesperson released the following statement to Screen: “In this time of tremendous uncertainty for individuals, businesses, governments and communities, it is incumbent upon us to look closely at what measures help
Read full article at: ScreenDaily
Author: 36¦Jeremy Kay¦54¦