Paramount Pictures Project To Create 7,300 Construction Jobs
A building project being undertaken by Paramount Pictures expects to create 7,300 temporary construction jobs during the next two decades.
The $700 million improvement project is needed because the film and TV show studio needs more room, the Los Angeles Times reports.
"We have run out of options for creating more production space," Frederick Huntsberry, Paramount's chief operating officer, told the newspaper.
As many as 5,000 people a day work at the company's headquarters at its historic Hollywood location on Melrose Avenue.
Most of them work for independent producers who rent facilities on the 56-acre lot to make shows such as "Glee," "Community" and "NCIS: Los Angeles."
When construction is finally complete, Huntsberry said, the rehabbed studios will be able to accommodate 5,500 permanent workers.
The project requires approval from the city, the Times reported.
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David Schepp has spent more than a dozen years covering business news for the electronic and print media, including Dow Jones Newswires, BBC News, Gannett Co., and most recently at AOL's DailyFinance. Nearly 10 years ago, he started writing a weekly People@Work column, looking in depth at issues facing workers in today's workplace. Follow David on Twitter. Email David at firstname.lastname@example.org. Add David to your Google+ circles.more...