The Nashville Symphony and its musicians' union agreed this week on a four-year contract that brings labor peace in the wake of the organization's financial struggles, The Tennessean writes. Players will receive 3-percent salary hikes in the first two years of the deal and may seek wage renegotiation in years three and four.
Musicians accepted a one-year deal with a 15-percent pay cut last year after the orchestra narrowly escaped foreclosure on its performance venue, the Schermerhorn Symphony Center. Management wages were also slashed. In the year since, the symphony has reported major gains in fundraising and ticket sales and significantly reduced its debt.