Nashville Symphony’s musicians have agreed to 15 percent pay cuts. The agreement is valid for one season and will end on July 31, 2014. Pay cuts also affect the orchestra’s management, including CEO Alan Valentine and music director Giancarlo Guerrero. “We are profoundly grateful to our musicians for their spirit of shared sacrifice,” Valentine said in a release. “We were able to reach these mutually agreeable terms through a genuinely collaborative effort and a common desire to serve the people of Middle Tennessee.” In total, the Orchestra has reduced operating costs by $6 million, or almost 30 percent of this year’s operating budget.

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