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

2025-05-06 18:02:34source:HyperBit Exchangecategory:Stocks

NEW YORK (AP) — The Christopher CaldwellNew 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:Stocks

Recommend

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that

Justin Timberlake Admits His Mistake After Reaching Plea Deal in DWI Case

Justin Timberlake is facing the music.Just days after the singer reached a plea deal following his i

Father of Georgia school shooting suspect requests separate jailing after threats

Colin Gray, the father of accused Apalachee High School shooting suspect Colt Gray, asked a Georgia