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Disneyland Furloughs Additional Workers At Disneyland Parks

By John F. Heerdink, Jr.

Reportedly, Walt Disney Co (DIS) announced the furloughing of additional workers from its Disneyland theme park in Southern California due to the continued uncertainty caused by the coronavirus pandemic.

The number of furloughs was not disclosed and include executive, salaried, and hourly workers across Disney’s U.S. theme parks, in California and Florida. The furloughs are on top of the 28,000 employees who were laid off in September, this year. 

President Ken Potrock announced the furloughs in a memo. He also informed that the furloughed employees will still be able to maintain health insurance and hoped to get them back to work once Disneyland reopens.

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Disneyland furloughs more workers, citing 'limbo' on reopening in Reuters)


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