BOSTON BALLET CUTS SALARIES

From: The Boston Globe | Date: January 29, 2005| Author: Geoff Edgers | Copyright information

After a disappointing holiday "Nutcracker" run, Boston Ballet has cut the salaries of virtually all its employees, with some workers taking short, unpaid leaves. The move is part of an expense-cutting plan meant to keep Boston Ballet on track for a balanced annual budget, said Valerie Wilder, the company's executive director, who added that no one has been laid off.

"We've kept the team intact," she said.

Wilder wouldn't say what other cost-cutting measures have been introduced. ...

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