The orchestra reports it came in $2.9 million short (on a budget of $30.4 million). The Star Tribune says it's just one of dozens of major orchestras across the country that are struggling.
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The Orchestra is grappling with a $2.9 million deficit. The 16 jobs being eliminated include positions in public relations, marketing, and finance but no musicians.
The management of the Minnesota Orchestra on Wednesday said that musician salaries would have to be dramatically slashed to put the orchestra on a solid financial footing, MPR reports. The average musician's wage would drop from $135,000 to $89,000 under management's proposal.
The respected orchestra announced five dates in South Africa.
Home prices in most major cities across the country fell for the second straight month, according to the Standard & Poor's/Case Shiller index. The Associated Press says the data reflects the usual fall slowdown after the peak buying season.
Amid a contract dispute with its musicians, management of the Minnesota Orchestra on Thursday cancelled concerts through Dec. 23, including a number of holiday events: Celtic Woman, Chris Botti Christmas, and A Scandinavian Christmas. Some dates have been rescheduled for the holiday season next year.