PITTSBURGH (AP) – The Pittsburgh Symphony Orchestra’s management and musicians union have agreed to let an independent expert assess the organization’s finances in hopes of ending a musician’s strike that began Sept. 30.
Management is seeking a 15-percent wage cut, plus pension concessions saying that’s necessary to keep the symphony solvent in the face of more than $20 million in debt over the next five years.
The musicians’ union says management is overstating the orchestra’s financial problems.
Both sides have agreed to resume bargaining this week and have a neutral financial expert review the orchestra’s income and expenses.
The orchestra has canceled all performances through Nov. 18 because of the strike.
The 15-percent pay cut would drop the musicians’ base salary from more than $107,000 to just over $91,000 annually.