Lyric Opera's new AGMA contract includes a paycut

Did the union blink? Lyric Opera of Chicago announced the terms of its new contract with the American Guild of Musical Artists late today, thanking the union membership "for partnering with us to reach a settlement that supports the financial integrity of the company."?

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Source: http://www.chicagoreader.com/Bleader/archives/2011/08/22/lyric-operas-new-agma-contract-includes-a-paycut

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