The locked-out Indianapolis Symphony Orchestra Musicians made a sixth proposal to the Indianapolis Symphony Society, that was released on Saturday.
Rick Graef, chairman of the ISO Musicians negotiating committee, "The musicians have made an incredible stretch in our latest proposal. We have offered to take a 32 percent wage reduction in the first year. If this proposal is accepted by the Society, it would allow us to be performing again by next week for our scheduled concerts with Maestro Krzysztof Urbanski. This resolution would provide about $11.5 million in concessionary savings to the Society."
"As musicians, we want nothing more than to perform on the stage next weekend with Krzysztof Urbanski," Graef continued. "This proposal contains an exciting new provision which would guarantee the involvement of musicians in Society-directed fundraising activities at no cost to the Society. The musicians feel that this involvement will help secure the financial future of the ISO and is integral to the future this great organization."
The details of the Musician's proposal are included below. This proposal is grounded in the agreement in principal that was formed by both parties in early September. The Musicians feel that this proposal offers the Society a sustainable model for the future.
If accepted, the proposal would put the Musicians back to work by Oct. 8, 2012 and would save the rest of the season, including the next two weeks with Krzysztof Urbanski. The Society has until Sunday, Oct. 7 at 6 p.m. to respond to this latest offer.
Annual minimum salary cuts and savings offered by the Musicians
2011-2012 season $78,000
2012-2013 season $53,000 32% salary cut
2013-2014 season $57,000 27% salary cut
2014-2015 season $60,000 23% salary cut
2015-2016 season $64,000 18% salary cut
2016-2017 season $70,000 10% salary cut
Total savings offered by musicians over the next five years
(these savings do not include offered savings in future pension savings)
2012-2013 season $3,097,155
2013-2014 season $2,681,722
2014-2015 season $2,369,464
2015-2016 season $1,962,357
2016-2017 season $1,349,122
Total savings over five years $11,459,820
"The Musician's proposal includes a plan for completing negotiations of a new collective bargaining agreement while eliminating the possibility of any future interruption of performances. The Musicians are hopeful that these extreme concessions will be accepted," Graef continued. "Then the Society and the Musicians can jointly appeal to the public to request the support that will guarantee the continuation of the Indianapolis Symphony Orchestra."
The musicians will perform a second concert on Sunday, Oct. 7 at 7 p.m. at the Palladium at the Center for Performing Arts in Carmel. The concert will feature legendary Pianist Andre Watts performing Beethoven's Piano Concerto No. 5 in E -flat major, Op. 73, popularly known as the "Emperor Concerto". The program will also include "Pictures at an Exhibition" by Mussorgsky. Maestro Samuel Wong will conduct the performance. A portion of the proceeds will benefit the New World Youth Orchestras. Last month, the musicians raised more than $8,000 for the ISO's Metropolitan Youth Orchestra at a sold-out benefit concert.
To learn more about the ISO Musicians, please visit http://www.isomusicians.com/.