Tightening belts at USO
As has been observed many times before, things are tough all over.
That cruel truth has hit the Utah Symphony and Opera, whose executives decided this week to trim $1 million from its $19 million operating budget - with cuts of up to 10 percent to executive salaries and programming reductions.
The symphony's 83 full-time musicians also agreed to return two weeks' salary, half of their pension contribution, a week's vacation and some of their personal days.
The unpalatable option, said both symphony and musicians' union leaders, is Chapter 11 bankruptcy protection.
With luck, Utah Symphony and Opera can weather the current downturn. What good would it be to climb out of this economic hole if there was nothing beautiful available to us when we did?
That cruel truth has hit the Utah Symphony and Opera, whose executives decided this week to trim $1 million from its $19 million operating budget - with cuts of up to 10 percent to executive salaries and programming reductions.
The symphony's 83 full-time musicians also agreed to return two weeks' salary, half of their pension contribution, a week's vacation and some of their personal days.
The unpalatable option, said both symphony and musicians' union leaders, is Chapter 11 bankruptcy protection.
With luck, Utah Symphony and Opera can weather the current downturn. What good would it be to climb out of this economic hole if there was nothing beautiful available to us when we did?
Labels: Utah Symphony
posted by Sean P. Means @ 8:52 AM |
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