Wednesday October 17, 2012

INDIANAPOLIS (AP) -- The Indianapolis Symphony Orchestra and its musicians agreed to a new contract Tues d ay to end a weekslong lockout and clear the way for the re sumption of concerts.

The new five-year deal cuts musicians' pay by 32 percent in the first year and reduces the year-round performance sche dule by eight weeks during the first two years, orchestra management and the musicians union said.

Concerts are expected to resume Thursday after five weekends of performances were canceled during the lockout.

Orchestra leaders said the contract includes $11.5 million in concessions by the musicians but that at least a 50 percent increase in its annual $6.5 million in private donations is needed.

"We have seen the numbers of people willing to sign petitions, send in letters of support and demonstrate their admiration for our music and educational programs," symphony board Chairman John Thorn burgh said. "We now need to convert that support into tangible financial commitments from our community "