The main visual effects are revealed days later Oppenheimer And Dune reportedly underwent cost-cutting measures, including wage cuts of up to 25 percent, DNEG is further developing these plans.
“As we continue to proactively assess this difficult situation, we have been consulting closely with our employees and teams around the world,” the statement said. The Hollywood Reporter reads, with the company saying these measures include options such as fewer hours for lower pay, compensation for wage loss in the form of additional paid leave, and a choice to spread the effect of the salary cut over a longer period. The statement continued: “We continue to work with our teams to determine the best course of action for everyone, with the overall goal of avoiding the need to significantly reduce our global workforce so that we are ready when production resumes.
The report on pay cuts published in Deadline on Friday sparked concern, with the British Broadcasting, Entertainment, Communications and Theater Union (Bectu) announcing it would hold an “urgent meeting” on the cuts on Monday.
DNEG, whose artists have won Oscars for films, among others Dune, Basic principle And Interstellaris headquartered in London and employs thousands of people in England, Canada, Australia, India and the US, among others
“We continually and proactively assess all aspects of our business to ensure we can continue to deliver the highest quality work while protecting the positions of as many employees as possible,” the statement continued. “To do that, we have asked employees and team members earning above certain salary thresholds, including top executives and creative leaders, to take short-term pay cuts, which will help us preserve the maximum number of jobs through this crisis.
period of time.”
The cuts come amid the WGA and SAG-AFTRA strikes that have led to layoffs, furloughs and salary cuts across the industry.
The statement concluded: “We are proposing solutions designed to preserve jobs and keep as much money in our employees’ pockets as possible during this difficult period, while positioning the company to meet current economic challenges and be ready are to cope.
Once this disruption is over, we will get back to work on new projects for our customers.”