The happiest place on Earth? Only if you are Bob Iger! Disney stops paying 100,000 workers while executive gets 3% cut – RT Business News

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    La Walt Disney Company a annoncé qu'elle cesserait de payer près de la moitié de ses effectifs cette semaine. Les parcs à thème et les hôtels Disney ont été fermés en Europe et aux États-Unis pendant près de cinq semaines en raison des blocages mondiaux de Covid-19.

La suppression des paiements pour plus de 100 000 des soi-disant «acteurs» aidera la société à économiser 500 millions de dollars par mois, selon le Financial Times. Disney a déclaré qu'il fournirait des prestations de santé complètes au personnel placé en congé sans solde et a exhorté ses employés américains à demander des prestations gouvernementales par le biais du programme de relance de 2 000 milliards de dollars contre les coronavirus.

Disneyland and Disney World closed last month due to the epidemic. The company’s executive president, Bob Iger, has given up half his annual base salary of $ 3 million for this year. His total compensation for the past fiscal year was $ 47.5 million, including a cash bonus and share awards. The $ 1.5 million cut in wages represents about 3% of Iger’s total income.



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Meanwhile, some Disney executives are said to be angry at having to sign new “temporary” contracts reducing their wages by up to 30% with no end date. According to the Hollywood Reporter, Disney vice presidents typically earn between $ 150,000 and $ 200,000 in base salary, while executives often earn $ 700,000 or more.

Last year, Disney made operating profits of nearly $ 7 billion from its parks, experiences and products businesses, accounting for almost half of all operating profits. The fortune of Disney Plus’s online streaming site has been much better, with more than 50 million subscribers in just five months since its launch.

For more stories on economics and finance, visit the business section of RT

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