UPDATE: Teamsters reverse strike course, ratify Hollywood studio deal!

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An update on the talks between the Teamsters and Hollywood studios:  It’s a done deal.

The union blinked — but for the right reasons.

In a surprising reversal, Teamsters members agreed Sunday morning to the “last, best and final” offer from studios, averting a strike by Hollywood transportation workers and others.

Teamsters head Leo Reed, in a standing-room-only membership meeting in Burbank, asked the members present to vote for the deal, conceding on a major wage point in exchange for relatively minor enhancements that were achieved in backchannel negotiations Saturday afternoon.

Upon Reed’s recommendation, the union membership voted 97.3% in favor of the deal, about 840-20.

And the show goes on.

Read more @ The Hollywood Reporter.

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