Boston Symphony Musicians Accept 37% Pay Cut In New Contract

“In ratifying a new contract guaranteeing their jobs through August of 2023, BSO players have agreed to pay cuts averaging 37% … to mitigate a $50 million loss of ticket and rental revenue from the organization’s $100 million annual budget. If and when monies re-materialize, the contract provides for tiered, and possibly retroactive, restoration of the cuts. … Under the plan, no player shall receive less than $120,000, and many will continue to benefit from seniority bumpups and overscale compensation.” – The Boston Musical Intelligencer