Saturday, December 04, 2010
Louisville Orchestra Files For Bankruptcy
KENTUCKY...
The Louisville Orchestra has filed for bankruptcy under Chapter 11 weeks before its 75th anniversary.
The filing includes a request to break its collective bargaining agreement with its players in the Louisville Federation of Musicians Local 11-637, The Courier-Journal reported. Orchestra CEO Robert Birman and board president Chuck Maisch told musicians about the move Friday at rehearsal.The orchestra is seeking to reduce its number of full-time musicians from 71 to 55 and supplement that with 16 part-time professional musicians. It is seeking to reduce costs by about $1 million.
Birman said musicians have been paid through Dec. 15, and they weren't expected to miss any scheduled performances through that date. The newspaper reports that it wasn't clear what happens after that date.
# posted by Homer Owens @ 11:41 PM 
