Hollywood Teamsters agreed on a proposed contract with the major studios avoiding a strike that could have crippled the entertainment industry.
Teamsters Local 399, which represents drivers, and the Alliance of Motion Picture and Television Producers, which represents the major studios, had been negotiating for a new "Black Book" contract.
The main issue had been pay raises for more than 3,000 Teamsters drivers but The Los Angeles Times details how the compromise came about:
The studios offered an increase in health-plan contributions and a proposed 2% annual pay increase for drivers. Teamsters wanted a 3% increase, the same rate given to other unions, especially their rival union, the International Alliance of Theatrical Stage Employees.
On Saturday, however, the studios offered some additional incentives to the Teamsters, including adding travel pay for certain types of drivers.