Disney stops paying 100,000 workers, looking to save $500 million a month
California’s jobless rate shot up in March as coronavirus shutdowns took effect and 2.7 million filed unemployment claims in just a monthSalary payments also will be stopped for most of the 17,000 staff at Disneyland Paris, who will be placed on France’s “partial activity scheme.” This allows companies to reduce staff hours or furlough workers while the government covers up to 84% of their net salary.
Djamila Ouaz, a CFDT representative, did acknowledge the relatively better position of staff in Paris. “We are in France, so we have unions and legal rights to defend ourselves,” she said. “In the U.S. it’s a catastrophe.” Chapek could potentially earn an annual bonus “of not less than 300%” of salary, in addition to a long-term incentive award of “not less than $15 million.”
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