IBJNews

Symphony musicians, management take big pay cuts

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis Symphony Orchestra musicians will take a 12-percent pay cut this year, saving the cash-strapped organization $4 million.

They aren’t the only ones sacrificing pay. CEO Simon Crookall will take a 15-percent pay cut, effective this month, the ISO also said Wednesday morning. Crookall was paid $231,288 during the 2008 fiscal year. Vice presidents also will see their salaries reduced by 10 percent, and remaining administrative staff will take a 5-percent cut. The administrative salary reductions will save the orchestra another $2 million.

Members of the musicians' union, American Federation of Musicians, Local 3, ratified the three-year contract on Oct. 4 by a vote of 68 to 3. They had rejected the first offer on Sept. 11.

The management-side pay cuts may have helped bring the musicians in line. “The musicians were very interested in it,” bargaining committee chairman Mike Borschel said. “But it was never a demand from us.”

The musicians will see their base pay drop to $1,355 a week, or $70,460 a year. In the last six months, their base pay had risen to $1,540 a week.

The new contract promises to restore most of the base pay by the end of the three-year period. The musicians will get back 2.7 percent in the first year and 7.8 percent in the third year.

The players also agreed to take on a larger share of health insurance premiums and accepted a “limited” reduction in pension earnings.

“The ISO musicians are to be commended for understanding the financial difficulties the orchestra is facing,” Crookall said in a prepared statement. “I am grateful for the extraordinary amount of effort and commitment it took to arrive at this point, and I recognize the sacrifices the musicians and staff are all making to get through this challenging economic time together.”

The ISO had already shaved $1.7 million from its $26.8 million budget during the 2009 fiscal year, which ended Aug. 31. Crookall said in this morning’s announcement that he’d eliminated 13 administrative positions and trimmed other budgets.

The ISO has not yet announced the results of its 2009 fiscal year. The orchestra ended 2008 in the red by $293,000.

“The actions and decisions made as a result of the new contract, albeit significant, are not enough to erase the current or future operating deficits at the ISO,” board Chairman Bob Kaspar said in Wednesday's announcement. He said the board is looking to boost both annual giving and “significant” contributions to the endowment, which has been severely eroded. “The next two years will be critical in making progress toward all our financial goals.”

Borschel echoed the concern about community support. He said the musicians have agreed to donate their time for one fund-raising concert a year for the next three years.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

ADVERTISEMENT