Colorado Symphony Musicians Agree To Pay Cut

DENVER (AP) – Colorado Symphony musicians have voted to accept a pay cut.

The Denver Musicians Union said Friday that musicians agreed to a 5 percent reduction in base pay for 2011-2012 plus two weeks of furloughs. The symphony says that will mean $530,000 in savings for the orchestra.

The Denver Post reports musicians voted to accept what amounts to a 14 percent cut in pay.

The Post reports the vote modifies a labor contract the musicians ratified in April that continued base pay at about $41,000 this season.

Two years ago, musicians agreed to furloughs and salary reductions that amounted to a 24 percent overall drop in pay.

The symphony says it has a cash shortfall of about $1.2 million from the fiscal year that ended June 30.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)


More From CBS Denver

Weather App
CBS4 Hiking Weather Forecast Page

Listen Live

AM/FM Stations

Featured Shows & Multimedia