The Indianapolis Symphony Orchestra has reached an agreement with union officials which includes a substantial pay cut for the ISO’s musicians.
According to a joint press release from the ISO and Local Three of the American Federation of Musicians, both parties have agreed to terms of a five year contract. In addition to a shortened playing season, the new agreement includes $11.5 million in concessions from the musicians, including cutting pay by almost a third for the first year of the contract.
In the press release, musicians’ union spokesperson Richard Graef said the negotiations have been challenging, but he and the other musicians are glad to be working again.
“The last month has been a challenging and trying time for our musicians, and the support we have received has been both uplifting and sustaining,” Graef said.
According to ISO Spokesperson Jessica DiSanto, a shorter ‘bridge’ agreement will allow the musicians to begin work immediately, and the five year agreement will take effect early next year.
“It allows us the time to raise some significant dollars from some new sources that we feel very confident we can do, but need some time with. It allows us the time we need, and then the five year agreement begins early February,” she says.
The symphony season begins this weekend, with Maestro Krzysztof Urbański conducting the Lilly Classical Series. Several concerts at the beginning of the schedule had to be canceled because an agreement between the two sides could not be reached.