The New York Philharmonic has settled with its labor unions. There will be salary increases (6.5% over four years) and the musicians will contribute to their health care costs.
The orchestra ran a $6.1 million deficit last season (2012-13), with a budget for that year of around $71 million. Matthew VanBesien, the executive director, is pleased with the deal. He notes that he has a long-term plan for putting the orchestra on a better financial basis and also that the orchestra had a record year of fund raising.
You'll notice that, despite the deficits and despite a $21 million pension contribution shortfall, there's no talk of a lockout or "new models" here. Unlike the MOA, VanBesien, management, and the board understand that their job is to enable great music making.