Published: Feb 04, 2012 12:19 AM EST

CAPE CORAL, Fla.- The Cape Coral Professional Firefighters have released a statement summarizing the concessions made in negotiations between themselves and the City of Cape Coral.

The Collective Bargaining agreement will cut the firefighters' pay by five percent and will reduce two paid holidays.

It took more than two years to negotiate the concessions outlined in the document below.

Click here to view the entire document.