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HomeBusinessAmusement parks affected: Disney announces due to Corona-crisis around 28,000 employees

Amusement parks affected: Disney announces due to Corona-crisis around 28,000 employees

Amusement parks affected
Disney announces that due to Corona-crisis around 28,000 employees

The theme parks of Walt Disney World in the United States are visited because of the Corona-crisis bad. Photo: John Raoux/AP/dpa

© dpa-infocom GmbH

The pandemic has hit the U.S. entertainment giant Disney with full force – still not all theme parks are open again. After many employees were initially only been granted a leave of absence, now, of the permanent Job-deforestation in the Mickey mouse group.

The Corona-crisis will cripple the Entertainment Empire of Walt Disney – now it comes to redundancies on a large scale.

Because the business with amusement parks, holiday resorts, merchandise and cruises are still under the pandemic suffer, had dismissed the group had approximately 28 000 US employees, said Disney, according to U.S. market close in California, Burbank. In a Memo to the workforce saves-in-chief Josh D’Amaro described the decision as “heartbreaking”, but given the difficult circumstances due to the Covid crisis without Alternative.

The step was not necessary, partly because Corona conditions in California allowed for a re-opening of the disney lands continue to D’amaro. Already since April a lot of employees are on leave of absence, the contributions to health insurance were. In view of the uncertain business prospects, the number of employees had to be reduced permanently. Approximately 67 percent of the Concerned, it were but to part-time workers. Disney clarified currently, the terms and conditions with employees and trade unions.

The Job of the clear cut hits the area of business that has been hit by the impact of the pandemic on the strongest and the group’s already high losses put. Overall, Disney was here before the crisis, more than 100,000 Employees. Although most of the were opened from disney’s attractions, in the meantime, at least partially, two of the major theme parks in Anaheim, California have, however, no permits. Disney-Manager-D’Amaro lamented that the “reluctance” of the authorities, worsening the situation.

The corona-related problems have brought Disney is already deep in the red. In the three months to the end of June, a loss of $ 4.7 billion (4.0 billion Euro) fell as the group had in August informed. The revenues fell in the year-on-year by 42 percent to 11.8 billion dollars. The business with amusement parks, holiday resorts and cruises, suffered particularly heavily. Sales here fell by 85 percent, and the operating loss amounted to nearly two billion dollars after a profit of 1.7 billion in the previous year. Total special charges of $ 3.5 billion originated in the division because of the pandemic.

Matthew Velter
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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