Tokyo Disney To Cut Bonuses By 70% Due To Pandemic
It has been a tough time for Disney theme parks around the globe as lower attendance numbers and COVID-19 closures have meant big financial losses. Kyoto News published an article this morning that Oriental Land Co, the operator of Tokyo Disney Resort in Japan will be cutting its semiannual bonus payments by 70% due to the sharp decline in revenue.
This bonus cut is expected to impact some 4,000 employees at Tokyo Disney. This also makes it the first time that the company has but bonus payments and is a huge deal as employees in Japan see this as part of their salaries!
In addition to reducing the payout of employee bonuses, cast members working at the theme parks including performers have had their work hours drastically reduced to lower attendance and live show suspensions. When possible, the company is giving impacted employees the option to transfer to different positions or take early retirement according to Oriental Land.
As we previously announced here at MickeyBlog, Oriental Land was forced to close Tokyo Disneyland and Tokyo DisneySea back in late February as a result of the pandemic. They reopened both parks on July 1st but with shortened hours of operation and at less than 50% of their usual capacity.
This is a story that we will continue to follow closely. Readers are encouraged to keep checkin in with us for further news and updates!
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Source: Kyoto News