INDIANAPOLIS (AP) — The Indianapolis Symphony Orchestra and its musicians say they have agreed to a new contract. Concerts are expected to resume this weekend after a lockout that began in early September.
The orchestra and the musicians union announced Tuesday that the new five-year contract will cut the pay for musicians by 32 percent in the first year and reduce the year-round performance schedule by eight weeks during the first two years.
Orchestra management says the cuts are needed because of shortfalls in private donations and other revenue. The deal cuts base pay for the orchestra's some 80 musicians to $53,000 a year, then rising to $70,000 in the final contract year.
Five weekends of concerts were canceled during the lockout.