oso contract details

Here’s a very succinct summary by Barry Johnson that is better than anything that I could cobble together:

After a summer of negotiations, the Oregon Symphony Association and the union that represents its 76 musicians have reached an agreement that trims $1.4 million in pay and benefits from the symphony’s budget during the next two years, through June 2011.

The cuts amount to a 7.5 percent reduction in pay, a cut of more than 50 percent in the symphony’s contribution to the musicians’ pension and a significant change to their health insurance plan, according to Bruce Fife, the president of the local union.