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Broadway musicians agree to pact

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From Bloomberg News

Broadway musicians, who staged a four-day strike in 2003 that cost New York City’s economy about $10 million, agreed to a three-year contract with producers, both sides announced Tuesday.

The contract requires producers to increase contributions to the musicians’ health plan and expands the number of musicians eligible to participate. In return, musicians gave up two wage increases over the course of the deal.

The contract was approved by 82% of the members of Local 802 of the American Federation of Musicians who voted.

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Producers and representatives from the International Alliance of Theatrical Stage Employees are preparing for more contentious negotiations next month. The contract with Broadway’s roughly 500 stagehands expires on July 31.

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