The orchestra stunned the arts community when it became the first major U.S. orchestra to file for Chapter 11 bankruptcy protection in April 2011.
Under the reorganization plan, the 111-year-old symphony will shrink from 105 musicians to 95 and cut their pay by about 15 percent. The orchestra also got a break on its rent from its main venue, the Kimmel Center…
via Philadelphia Orchestra Bankruptcy: Exited, After Layoffs.
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