Wednesday’s (10/8) Indianapolis Star reports, “Indianapolis Symphony Orchestra musicians will take a 12 percent reduction in salary this season, followed by incremental increases in the second and third years of a newly ratified three-year contract. The contract applies to the orchestra’s current season, which began Sept. 25, and the agreement expires Sept. 2, 2012. Terms include salary increases of 2.7 percent for the 2010-11 season and 7.8 percent for the 2011-12 season. Musicians have agreed to greater individual contributions toward health care benefits and a limited reduction in pension earnings. ISO president and CEO Simon Crookall said the contract would result in approximately $4 million in savings during the next three years. Crookall has taken a 15 percent cut in salary effective this month. Vice presidents will be paid 10 percent less, and the remainder of the staff will take a 5 percent cut. Crookall said the ISO’s annual operating budget has been trimmed from $29 million to $25 million. Previously, the orchestra eliminated 13 administrative positions and reduced its operation, marketing and developmental budgets to save approximately $1.7 million.”
Posted October 8, 2009
