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Stock impact report

Disneyland Resort Continues its Commitment to Cast with $15 Minimum Wage, Three Years before California's Increase

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
ANAHEIM, Calif., Sept. 23, 2018 /PRNewswire/ -- Disneyland Resort announced today that thousands more of its cast members will receive $15 minimum rates, one of the highest minimum wages in the country—three years before California's scheduled increase. Delivering on the largest wage increases for cast members in its history, the Disneyland Resort is also paying increased minimum rates to thousands of hourly non-union cast members.Tonight, an additional 2,700 Disneyland Resort hotel cast members from Unite Here! Local 11 ratified a five-year term with a minimum wage increase of 40 percent over the next two years of the agreement, with the $15 minimum wage taking effect January 2019. Housekeepers move to $15.80 immediately.Unite Here! Local 11 cast members will join 9,700 other cast members from Master Services Council who separately ratified an agreement in July that establishes a $15 minimum wage for those cast members by January 2019 as well.Separately, the resort is undertaking two Show less Read more
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