Teamsters Press Paramount for Worker Guarantees in $111 Billion WBD Deal
Updated
Updated · Deadline · Aug 14
Teamsters Press Paramount for Worker Guarantees in $111 Billion WBD Deal
3 articles · Updated · Deadline · Aug 14
Summary
Teamsters Local 399 publicly challenged Paramount over David Ellison’s stalled $111 billion bid for Warner Bros Discovery, saying the company has not shown how the merger would benefit workers or domestic production.
Lindsay Dougherty said Paramount has offered rhetoric about worker prosperity without concrete commitments, while leaks about potentially leaving California have put employees’ livelihoods at risk during settlement pressure on state attorneys general.
The labor push adds to opposition already joined by the WGA, even as a trial in the attorneys general antitrust case is set for spring 2027, leaving the proposed ParaBros combination effectively frozen.
That delay could trigger $7 million-a-day ticking fees for WBD shareholders starting at the end of September, while a combined company would also face roughly $80 billion in debt and expected job cuts.