Walt Disney World in Florida plans to furlough about 43,000 workers after it closed last month because of the coronavirus pandemic, the company and a union coalition representing the workers said. From a report: In mid-March, Disney theme parks worldwide closed, including Disney World in Florida and Disneyland Resort in California. The furloughs, which are set to begin on April 19, were part of an agreement between Disney World and the Service Trades Council Union, a collection of six unions representing the 43,000 workers at the theme park resort in Florida. “This is a decision that the union doesn’t like,” Eric Clinton, president of Unite Here Local 362, said on Saturday in a Facebook Live announcement. “However, it’s within the company’s right to lay off and furlough employees in this situation.” Disney’s stock is up by more than 3%. Analyst Sven Henrich wrote, “This is the greatest market ever. You can furlough your entire workforce of 46,000 and pay them nothing while just keeping 200 people on the payroll, in the meantime ask for a government bailout at the same time and still see shareholders rewarded. There. Capitalism.”
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Source:: Slashdot