Disneyland To Pay $59M To Employees During Coronavirus Closure
While we previously reported that Disneyland was closing its parks from March 14 through the end of the month over the coronavirus, parent company Disney is set to continue paying its park employees from a $59 million fund.
Additionally, at least 31,000 Disneyland and Disney California Adventure employees are expected to still receive pay through the end of the month while the park and resorts remain closed due to the COVID-19 pandemic.
RELATED: Disneyland Closing Through End Of March Amid Coronavirus Pandemic
Currently, the park closure is set to end on April 1, so cast members will only receive payout over the 18-day closure. While California currently has a safer-at-home policy set, the protocol following the April 1 open date has yet to be announced.
A study done by Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting (WCEAF) detailed the above and also found that the closures could cost a profit loss of $400 million, affecting the company, the city of Anaheim and the entire Southern California community.
RELATED: Walt Disney World Resort Shuts Down Amid Coronavirus Outbreak
In addition, Anil Puri, Cal State Fullerton economics professor and director of the WCEAF, adds, “Temporary employees will be in worse trouble, especially if the current situation persists and takes a long time to improve.”