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New York. A survey of more than 60 major art museums in the US shows that the directors of more than one third have recently taken pay cuts, many of them substantial, and senior staff at most of those institutions have also had their compensation trimmed. The cuts range from salary reductions and forfeiture of bonuses to unpaid leave. Even where there have not been massive layoffs, hiring freezes leave posts vacant and incentives induce early retirement. In the past year, New York’s Museum of Modern Art has cut its staff from around 850 to 741 through a hiring freeze and natural attrition. Pay cuts extend to curators and administrators who have had their salaries frozen, their hours reduced, or their employer contributions to insurance and retirement plans cut. But directors of large institutions are still among the highest paid in the culture sector, with packages ranging from low six figures to more than $1m per year.(The Art Newspaper)
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