New York Philharmonic musicians agree to 30% raise over 3-year contract

2025-01-13 17:22:27 source:lotradecoin educational resources for traders category:Finance

NEW YORK (AP) — The New York Philharmonic and its musicians’ union settled on a collective bargaining agreement Thursday that includes a 30% raise over three years.

The deal with Local 802 of the American Federation of Musicians calls for raises of about 15% in 2024-25, and 7.5% each in 2025-26 and 2026-27. Base pay will rise to $205,000 by the deal’s final season.

Ratification of the new deal is expected to take place Friday, and the contract will run from Saturday through Sept. 20, 2027.

A four-year contract that included pandemic-related pay cuts through August 2023 was due to expire this week.

The philharmonic is in the first of two seasons without a music director. Jaap van Zweden left at the end of the 2023-24 season and Gustavo Dudamel starts in 2026-27. The philharmonic also is searching for a CEO following the abrupt departure of Gary Ginstling in July after one year.

More:Finance

Recommend

How to watch 'A Charlie Brown Christmas' for free: Special date, streaming info

It's Christmastime, Charlie Brown! And with Christmastime comes Christmas movies like the aptly name

Jason Kelce Teases Brother Travis Kelce About Manifesting Taylor Swift Relationship

There might've been more than an invisible string tying Travis Kelce to Taylor Swift.The Kansas City

House of Villains Season 2 Cast Revealed: Teresa Giudice, Richard Hatch and More

House of Villains fans are in for a table-flipping good time.That's because the hit E! competition r