In a tweet late Saturday, the Lyric Opera said that they and the Chicago Federation of Musicians Local #10-208 (CFM) had reached a labor agreement that extended through the 2020/2021 season.
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RELATED: Chicago Lyric Opera Orchestra musicians go on strike
The final agreement includes a reduction in the number of main opera season weeks from 24 to 22 and a reduction in the number of musicians, according to a statement by musicians.
They add that the "concessions are mitigated by more favorable terms we were able to obtain."
Other terms of the agreement include:
-- A 5.6 percent increase in weekly salary over the 3-year contract term.
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-- The 2019-20 season now includes a guarantee of five (5) additional weeks for the "Ring" cycle, outside of the 22-week main opera season.
-- The orchestra size will be reduced by four instead of five musicians, delayed until the 2019-20 season.
-- The Spring musical is now guaranteed to employ 37 members of the Orchestra, and the salary for the musicals increases significantly (by 6.6%).
-- There are new guarantees regarding the hiring of Orchestra musicians for Joffrey Ballet productions beginning in 2020.
-- Health care benefits are maintained as is; family leave is now 8 paid weeks; and there are numerous other improvements in working conditions.
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The musicians' union contract ran out in June and leaders had said they have been negotiating since with little progress before musicians took to the picket line on Tuesday.
Musicians protested proposed cuts, which they said would have diminished the orchestra. In a statement earlier this week, the union said that cuts included the elimination of five positions, 8 percent pay cut, reducing the number of performances and working weeks from 24 to 22, and eliminating all of Lyric's popular radio broadcasts.
At least two performance were canceled due to the strike.