Wednesday, September 26, 2012

Announcement from The President


Of course he's extremely pleased.  He's 'That Guy' ... the one who brought down and gutted a world-class orchestra in just a month.    


September 26, 2012

Dear Friends,

I am extremely pleased to share that the Atlanta Symphony Orchestra has reached an agreement with our musicians on a union contract for the next two years. The new agreement covers the period from September 23, 2012, through September 6, 2014, and amounts to $2.4 million in annual savings through contract concessions in each year of the contract. Our new contract positions the Orchestra for a fiscally sound future, which will allow us to continue our tradition of innovation and world-class music-making. A copy of our news release, which includes details for the terms of the contract, is here.

This new agreement is an important step in addressing the Orchestra's nearly $20 million accumulated deficit. This contract, together with other initiatives, will allow us to close our annual $5 million budget shortfall, leading to a financially stable future.

As we've worked over the last six months toward this contract, it was clear that, despite our differences, we all envisioned the same thing: a thriving music community that would flourish for decades to come. I am deeply grateful to the Atlanta Symphony Orchestra Players Association and the musicians for their commitment, passion, and ongoing partnership.

Let the music begin!

Sincerely,

Stanley E. Romanstein

Stanley E. Romanstein, Ph.D.
President & CEO
Atlanta Symphony Orchestra

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