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Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 2:32 pm
by hobie16
SAN FRANCISCO (MarketWatch)
Walt Disney Company is offering buyout packages to about 600 executives at the company's domestic resorts and parks unit, The Wall Street Journal reported Wednesday on its Web site. Affected employees have until Feb. 6 to decide take the buyouts, according to the Journal.
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 2:45 pm
by Main Streeter
Buyouts & layoffs are the name of the game @ Disney CNN reports. Parks are to be hit this week or next. Think we all knew this was coming.
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 4:47 pm
by glendalais
Yep, it was only a matter of time before the economy caught up with WDP&R.
I don't think it'll hit too much at the front-line hourly rangs, though. At least here at the DLR, most of our CMs are CRs who can just not be scheduled any hours (I'm already hovering in that range, lol).
FTers and old-contract CRs with benefits might see layoffs, but both of the major Union contracts (Foods and Master Services) allow RFT CMs who converted from CR status (nearly all RFTers) to drop to CR status in lieu of layoff, with the intention of reclaiming RFT status when things pick up. Depending on the situation, they may retain their RFT seniority for scheduling purposes, as well.
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 5:02 pm
by leftcoaster
Main Streeter wrote:Buyouts & layoffs are the name of the game @ Disney CNN reports. Parks are to be hit this week or next. Think we all knew this was coming.
I hope you don't get hit with a layoff. I've been through them several times, and it's not fun. :(
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 5:16 pm
by Main Streeter
glendalais wrote:
FTers and old-contract CRs with benefits might see layoffs
Oh Thanks Glendal! This sparkles my day. ;) Naw, they won't lay me off. Who would make em laugh & roll their eyes as I make mistakes. Think I'm safe. ;)
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 5:42 pm
by leftcoaster
Main Streeter wrote:Naw, they won't lay me off. Who would make em laugh & roll their eyes as I make mistakes. Think I'm safe. ;)
You? Make mistakes? Who woulda thunk it? ;)
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 10:26 pm
by Zazu
Ah well, I retired once, I could always try that again.
At least they waited until I got my ten-year pin first. Yup, 19 January marked ten years with the Mouse.
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 10:46 pm
by mechurchlady
Zazu wrote:Ah well, I retired once, I could always try that again.
At least they waited until I got my ten-year pin first. Yup, 19 January marked ten years with the Mouse.
Congratulations on getting your pin.
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Wed Jan 21, 2009 11:34 pm
by glendalais
Zazu wrote:Ah well, I retired once, I could always try that again.
At least they waited until I got my ten-year pin first. Yup, 19 January marked ten years with the Mouse.
Congratulations on 10 magical years, Zazu :D: !
I think you can rest assured of your continued employment with Disney. You know too much to be let go of now......
mwahahahahahaha!...
...Tired glendalais + attempts at humour = *points up*
Re: Disney offering buyouts to 600 execs at resort unit
Posted: Thu Jan 22, 2009 4:27 am
by Main Streeter
leftcoaster wrote:You? Make mistakes? Who woulda thunk it? ;)
Bout 98% of those who know me. You know too much. HUSH! :D: