QUICK TAKES - March 20, 2009
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The Atlanta Symphony Orchestra says it will reduce employee pay and freeze hiring over the next few months to help save $1.3 million.
The symphony said Thursday it will reduce Chief Executive Officer Allison Vulgamore’s pay by a minimum of 7% from April 3 through May 31, the end of the fiscal year. Vice presidents will take 6% cuts and all other employees will take 5% cuts. The estimated savings will come from those cuts plus previous cost-cutting measures.
Symphony officials say full salaries will be reinstated June 1, but employees will take unpaid furloughs ranging from 13 to 18 days depending on their positions.
The symphony’s budget for the year is $45.6 million.
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