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…
, 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.
“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 the economic situation in the industry we serve.
Furloughed employees “will receive immediate payment for accrued vacation; health care benefits will continue, in force, and Cast & Crew will pay the total cost of employee and company premiums for health, dental and vision coverage. U.S. employees will be eligible, once furloughed, to apply for any federal compensation through the recent government actions, as well as to apply for state unemployment insurance.
France Dernières Nouvelles, France Actualités
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