Home » Lifestyle » Disney to furlough 'employees who aren't necessary at this time' starting April 19
Disney to furlough 'employees who aren't necessary at this time' starting April 19
Disney, Fiat execs take pay cuts amid coronavirus pandemic
Executives from companies struggling with coronavirus, such as Disney and Fiat, are taking pay cuts as many workers around the country are furloughed or laid off. FOX Business’ Cheryl Casone with more.
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With no sense of when the coronavirus pandemic could end, The Walt Disney Company announced Thursday that it will furlough workers as its theme parks remain closed indefinitely and its films sit on the shelves with no theaters for them to be shown in.
"The COVID-19 pandemic is having a devastating impact on our world with untold suffering and loss, and has required all of us to make sacrifices. Over the last few weeks, mandatory decrees from government officials have shut down a majority of our businesses", the company said in a statement. "With no clear indication of when we can restart our businesses, we’re forced to make the difficult decision to take the next step and furlough employees whose jobs aren’t necessary at this time."
The furlough process will begin on April 19, but Disney said the affected staffers "will receive full healthcare benefits, plus the cost of employee and company premiums will be paid by Disney."