Walt Disney stopped paying 100,000 staff amid theme park closures

Monday, April 20, 2020

Walt Disney has reportedly stop paying more than 100,000 staff this week amid coronavirus or COVID 19 closures of theme parks and attractions.

Walt Disney will save up to $500 million (£400 million) a month as a result. The full healthcare benefits for staff placed on unpaid leave will be provided.

But its U.S. employees were urged to apply for government benefits through the $2 trillion White House coronavirus stimulus package. The world’s biggest entertainment group operates in the US, Europe and Asia.

The company saw operating income from its theme parks, experiences and products business division increase 9% for the last three months of 2019 to $2.3 billion.

Walt Disney Company executive chairman Bob Iger has forecasted that temperature checks of national and international visitors could become part of its normal routine along with bag checks when theme park re-open.

@TravelWeekly

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