"With no clear indication of when we can restart our businesses, we're forced to make the hard decision to take the next step and furlough employees whose jobs aren't necessary at this time", the spokesperson said. Sharing the magic of Disney continues today through contributions, collaborating with nonprofit organizations, in-kind gifts and employee volunteerism.
Disney Parks have been closed for almost three weeks now, and with a statewide Stay at Home order in effect for Florida until at least May 3, 2020, it looks like it is going to be a LONG time before parks reopen.
In a statement released by the company, Disney stated that it had donated more than 270 tons of excess food to area food banks.
The furlough applies to some executive, salaried and non-union hourly employees within the parks, experiences and products division, according to KTLA-TV.
With the coronavirus pandemic continuing to spread across the globe, especially in the United States, The Walt Disney Company has revealed that non-essential employees will be placed on unpaid furlough starting on April 19. Disney employees have received full pay and benefits during this time, and we've committed to paying them through April 18, for a total of five additional weeks of compensation. In addition, Cast Members now enrolled in Disney Aspire will continue to have access to the education program.
Disney Parks, Experiences and Products segment comprised 37% of the company's $69.6 billion in revenue past year, CNBC said. One of the largest companies in the world, this decision will leave thousands of Disney employees on unpaid furlough.