Disney World furloughing 43,000 more workers due to virus [ABC News]
Walt Disney Company (The) (DIS)
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Source: ABC News
ORLANDO, Fla. -- Walt Disney World plans to stop paying wages to 43,000 workers in about a week while allowing them to keep their benefits for up to a year in what is the largest wave of furloughs since the theme park resort closed in mid-March because of the newcoronavirusWorkers will be able to keep their medical, dental and life insurance benefits for the length of the furlough period, or up to a year. Seniority and wage rates will remain unchanged for the workers whose furloughs start April 19, according to a statement from the Service Trades Council, the coalition of unions representing the Disney World workers.“The union agreement provides stronger protections and benefits for 43,000 union workers at Disney than virtually any other furloughed or laid-off workers in the United States," the union said in a statement to members.About 200 workers will remain on the job performing “essential duties" during the closure, and they will be offered positions based on seniority, the union
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DIS
Earnings
- 2/2/26 - Beat
DIS
Sec Filings
- 3/5/26 - Form DEFA14A
- 3/3/26 - Form 8-K
- 2/25/26 - Form PX14A6G
- DIS's page on the SEC website