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PROJECTIONISTS TO RETURN TO WORK AFTER RATIFYING CINEPLEX ODEON CONTRACT

 CHICAGO, Feb. 8 /PRNewswire/ -- Projectionists have ratified a new five-year contract and will return to work at Cineplex Odeon Corporation's (NYSE: CPX) Chicago-area theaters, the company announced today.
 "We are very glad that members of the union voted to approve our contract, and are eager for our projectionists to return to work," said Howard Lichtman, executive vice president/marketing and communications of Cineplex Odeon, the largest movie theater circuit in the Chicago area.
 The vote to approve the five-year contract was taken Thursday, Feb. 4 by Local 110 of the Motion Picture Projectionists & Video Technician Union. "Specific work assignments are being worked out with the union, and our projectionists will return to work as soon as that is done," Lichtman said.
 The old contract with the union expired Aug. 31, 1992. After talks failed, Cineplex Odeon announced that the projectionists would not be allowed to work. Company personnel and theater managers began working projectionist booths.
 The company had noted that the pay scale for Chicago-area projectionists was the highest in the nation, as much as $112 an hour. The terms agreed to by the union -- with a maximum which starts at $65 and falls to $45 over the five-year contract -- would still be the highest in North America. The economic terms in the ratified contract were similar to the company's original offer, Lichtman said.
 "Needless to say, we are glad this episode is ending, and will welcome our projectionists back," said Lichtman. "We also thank our customers for their understanding and support during this period, which we're all glad is ending."
 Cineplex Odeon is the largest movie theater circuit in the Chicago area, with more than 200 screens at 44 theaters.
 -0- 2/8/93
 /CONTACT: Howard Lichtman of Cineplex Odeon, 416-323-6634/
 (CPX)


CO: Cineplex Odeon Corporation ST: Illinois IN: ENT SU: CON

SH -- NY092 -- 4244 02/08/93 15:58 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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