Disney World Furloughing 43,000 Workers [The New York Times]
Walt Disney Company (The) (DIS)
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Source: The New York Times
Walt Disney World in Florida plans to furlough about 43,000 workers after it closed last month because ofthe coronavirus pandemicIn mid-March,Disney theme parks worldwide closed,The furloughs, which are set to begin on April 19, were part of an agreement between Disney World and the Service Trades Council Union, a collection of six unions representing the 43,000 workers at the theme park resort in Florida.“This is a decision that the union doesn’t like,” Eric Clinton, president ofUnite Here Local 362Facebook Live announcementHe noted that a furlough generally would have an end date but in this case it does not because of the uncertainties about when the coronavirus crisis will end.: Markets and BusinessSee more updatesUpdated 42h agoMore live coverage:GlobalU.S.New YorkThe workers, who are expected to be called back to their jobs, will be able to keep their health benefits during the furlough period. Also, they will not lose their seniority or have their pay reduced, Mr. Clinton said
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- 11/13/25 - Beat
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- 12/2/25 - Form 4
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- 12/2/25 - Form 4
- DIS's page on the SEC website