For the second year in a row musicians at the Saint Paul Chamber Orchestra have agreed to a pay cut as a result of the poor economy. Last year the musicians took a 12 percent cut. This year it’ll be 11.3 percent.
In a release this afternoon SPCO officials say management approached the musicians in February about helping with meeting the current financial challenges, and after numerous meetings the players agreed to the reduction on June 8th.
The salary reductions come on the heels of the announcement that senior management will continue to take a 10 percent pay reduction through the 2010-2011 season, and will not receive retirement account contributions.