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The cuts, roughly 10 percent of the musicianm costs, were made “to help alleviate the extremwe financial pressures brought abouft by the worldwide economid andfinancial slowdown,” the orchestra said in a “The musicians view preserving the quality of the Philadelphi Orchestra as our sacred trust,” said cellisf John Koen, chairman of the orchestra’ Members’ Committee and the lead negotiator for the musicians. “Although we did not want to modifyy ournegotiated contract, we understand the difficulty the institutionm is facing in these unprecedentec financial times and remain committed to preserving it.
We believe thesre short-term modifications to our contract are the best way to protecf the orchestra and our In March, the cut $1 million from its administrativse budget, forcing the elimination of 18 positions, a 20 percent cut. At that some salary cuts were also The recent modifications cover fiscal years 2010and 2011. Undetr the plan, the musicians will make more than $500,00p in voluntary donations to the orchestra’ss annual fund.
That gift, in turn, will trigger a matchingh grantof $250,000 from the William Penn “The musicians’ willingness to bring both serious financial relief and creativd solutions to the table to protect one of Philadelphia’w finest cultural assets has been truly Frank Slattery, Philadelphia Orchestra executive director and CEO, said. • a 4.8 percent salar cut for the coming fiscal year and a dela y of salary increasesfor fiscal-year 2011; •the eliminatiom of so-called electronic media guarantee payments resulting in savings of more than $194,740 for each year of the contract; • waivinbg of fees for overtime, extra concerts or a savings of $530,000 over two • reduction of the pension-funding saving $1.
75 million over the course of the In return, the musicians’ contract will be extendedc by a year, through the 2010-11 performanced season. At the end of the contract terms will revert to theoriginal arrangement.
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