By Zoë Madonna,

“A statement provided Friday by the orchestra revealed that musicians would accept an average reduction of 37 percent in compensation. 

…The new contract also expands the definition of official BSO-related work services to include the orchestra’s new virtual offerings and other community engagement activities, and adds a handful of Sunday afternoon concerts to upcoming seasons.

… The BSO significantly reduced its administrative workforce effective Sept. 1, laying off about 50 of its 180 full-time administrative staffers. In its statement Friday, the BSO put its losses at $35 million due to 316 canceled concerts and events since mid-March. According to a spokesperson, the BSO had a planned operating budget of $107 million for fiscal year 2020 (which ended Aug. 31). Its endowment is valued at $449.6 million, the largest of any American orchestra.”

Source: The Boston Globe