When we last examined the Indianapolis Symphony Orchestra (ISO) back in July 2020, things were looking grim; the current collective bargaining agreement (CBA) was expiring in a few months and there was a protracted dispute over back pay and health care benefits.
Since then, the organization announced cancelling the entire 20/21 season and fast forward a few weeks and we have a new one-year agreement that covers the length of the shutdown.
According to an ISO press statement, the one-year deal provides musicians with health care benefits and a $500/week payment that won’t begin until January, 2021. That wage works out to a 71.5 percent cut from the previous $1,750/wk salary the musicians would otherwise receive over the course of 42 weeks (or $73,500/yr).
There are very few details available past that other than both employer and musicians intend to continue bargaining for a longer term contract once this placeholder expires in Aug, 2021.