This is the central bit:
Opera Australia has put before the minority of principal singers who have been engaged on 52 week contracts a proposal to undertake more flexible employment arrangements. It is regrettable that this has been partially reported in the media. We think it appropriate to continue to discuss the proposals directly with the singers affected and their agents and union, before responding publicly to questions about any new arrangements.
There is more of the usual about the company’s financial position and the success of the company’s new strategies. The estimation of that success is in fact the whole issue.
The whole thing is bookended by the following rather amusing paragraphs:
Opera Australia would like to thank everyone who has expressed interest in the future of the company and its artists.
Opera Australia is continually working to respond to its audiences and improve its financial position. It is true that this change is challenging for the company and artists involved and we thank all of the company’s supporters for their concern.