SPONSORED

Disneyland is sending off more of its employees

The company is citing California guidelines for this move.

•• 1 Min
Disneyland is sending off more of its employees

"The recently released state guidelines put us in limbo on a timeline for reopening anytime soon," said Disneyland Resort President Ken Potrock in a memo.

As a result, Disney (NYSE: DIS) "is in the untenable position of having to introduce extra vacation days for our executive, employees, and hourly staffing. We expected to be able to open our parks in Anaheim as we have a proven record of being able to with working in responsible health and safety protocols as we have done in all of our other theme parks around the world, but unfortunately this has not been the case ".

The company laid off 28,000 employees back in September, mostly at Disney's US theme parks, California and Florida, and called the Golden State's coronavirus guidelines "impractical." Chairman Bob Iger also resigned from the California coronavirus economic working group. Disney theme parks in Florida and outside the US reopened earlier this year without any new major coronavirus outbreaks.

Internationally, Disneyland Paris had to close again late last month when France imposed a new lockdown, although the company's theme parks in Shanghai, Hong Kong and Tokyo remain open.

Walt DisneyUSADisney

Most Popular News

  1. Ontario Inks CAD 3 Billion Contracts as Pickering Nuclear Refurbishment Begins
  2. Deutsche Bank Predicts 50% Copper Rally to $22,050 as Global Supply Squeeze Looms
  3. Yukon Gold Explorers Face Temporary Dip as Drill Core Backlogs Build
  4. Four for Four: Super Copper Logs Visible Copper at El Alto Target in Atacama
  5. Quantum eMotion Secures U.S. Patent Notice of Allowance for SecureKey

Disclaimer