Some good news about the Philadelphia Orchestra ....
"A reorganisation plan, including the loss of ten musicians and a 15% pay cut for the remaining 95, was approved by a US Bankruptcy Court judge in June.
The orchestra addressed debts, claims and liabilities of around $100m (£64m).
A statement from the Philadelphia Orchestra Association, and its subsidiary, the Academy of Music, said they had reached a settlement of $5.49m (£3.5m).
"We are deeply grateful to all who have championed and supported our Orchestra during this difficult yet necessary process," said CEO and association president Allison Vulgamore.
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Great name the CEO has too
"A reorganisation plan, including the loss of ten musicians and a 15% pay cut for the remaining 95, was approved by a US Bankruptcy Court judge in June.
The orchestra addressed debts, claims and liabilities of around $100m (£64m).
A statement from the Philadelphia Orchestra Association, and its subsidiary, the Academy of Music, said they had reached a settlement of $5.49m (£3.5m).
"We are deeply grateful to all who have championed and supported our Orchestra during this difficult yet necessary process," said CEO and association president Allison Vulgamore.
:
Great name the CEO has too
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