Disneyland Strike Nears: 14,000+ Workers Set To Target California Theme Park In First Walkout In 40 Years
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) faces potential challenges as over 14,000 Disneyland workers authorize a strike, citing unfair labor practices. This could be the first strike at Disneyland since 1984. The strike authorization follows recent successes in Disney's movie segment but could impact the theme park segment significantly.
July 22, 2024 | 6:46 pm
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The Walt Disney Company faces potential labor issues as over 14,000 Disneyland workers authorize a strike. This could impact the theme park segment significantly, causing volatility in Disney shares.
The authorization of a strike by over 14,000 Disneyland workers could disrupt operations at one of Disney's key revenue segments. This labor issue comes at a time when Disney is recovering from the Hollywood strike and other challenges, potentially leading to short-term stock price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100