ATLANTA (AP) - The Atlanta Symphony Orchestra has announced pay cuts, furloughs and a hiring freeze for the remainder of fiscal 2009.
The symphony said Thursday it will reduce Chief Executive
Officer Allison Vulgamore's pay by a minimum of 7 percent, vice
presidents will take 6 percent cuts and all other employees will
take a 5 percent cut.
The cuts will be effective April 3 through May 31.
The cuts, combined with previous cost-cutting measures, will result in $1.3 million in savings for the fiscal year.
Symphony officials say salaries will be reinstated on June 1,
2009, but employees will take unpaid furloughs - the CEO will take as 18 days off without pay, vice presidents 15 days and other employees 13 days.