A strike of Condé Nast staff amid the Met Gala this night has been averted, because the union mentioned that it had reached a tentative settlement on their first contract with the publication.
“Our pledge to do ‘whatever it takes’ ahead of the [Met Gala] moved the company and our progress at the bargaining table kicked into high gear,” the Condé Union mentioned in a press release.
The union mentioned that the settlement features a $61,500 beginning wage ground and $3.3 million in complete wage will increase.
The union represents greater than 500 staffers at publications like Vogue, Vanity Fair and Architectural Digest. But 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 mentioned that the settlement additionally consists of eight weeks of severance for workers on the layoff listing, in addition to three months of Cobra protection or a lump-sum cost in lieu of protection. It additionally consists of a further $1,000 cost.
Condé Nast’s Chief People Officer Stan Duncan wrote in a observe to staff, “We are happy to have a contract that reflects and supports our core values – our content and journalism; our commitment to diversity and professional development; our industry-leading hiring practices and our competitive wages and benefits.”
The union additionally consists of staffers at GQ, Allure, Glamour, Bon Appétit, Epicurious, Self, Teen Vogue, them, Condé Nast Traveller, Ars Technica, Wired and Pitchfork, in addition to these in viewers improvement, commerce and video.
A strike would have doubtless meant picketers outdoors the Met Gala, the annual vogue occasion organized by Vogue, drawing an array of boldfaced names at the price of $75,000 per ticket.