INDIANAPOLIS – Musicians for the Indianapolis Symphony Orchestra are taking a 12 percent pay cut as part of what administrators say will be $6 million in savings.
The musicians’ union approved a new three-year contract that includes the pay cut in the first year, followed by increases of 2.7 percent and 7.8 percent in the following years.
The symphony announced Wednesday that President Simon Crookall would take a 15 percent pay cut, along with 10 percent cuts for vice presidents, 5 percent cuts for other staff members and other spending reductions.
Symphony board chairman Bob Kaspar says the cuts, however, aren’t enough to erase the organization’s budget deficits and that increased fundraising will be needed.
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