Lyric Opera gets 5 percent wage concession in new AGMA contract

Mon Aug 22, 2011 at 4:48 pm

By Lawrence A. Johnson

The Lyric Opera of Chicago has reached an agreement with the American Guild of Musical Artists (AGMA) for the 2011-12 season, the company announced late Monday afternoon.

The contract calls for a 5% reduction in base salaries. Also a general framework was agreed to for the Lyric’s 2013 production of Oklahoma!, which, the release states, is “within a cost structure that is competitive with other Chicago producers.”

“We thank the union membership for partnering with us to reach a settlement that supports the financial integrity of the company, which of course, benefits all Lyric’s employees, artists, and patrons,” said Kenneth G. Pigott, president and CEO of the Lyric in a statement.

Added James Odom, national president of AGMA, “With this contract AGMA artists have invested in Lyric Opera. We are hopeful about the prospects for the company’s future as we move forward.”

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