Disney And Unions Sign Tentative Three-Year Deal, Averting Strike
Portfolio Pulse from Shivani Kumaresan
Disney and unions representing 14,000 Disneyland employees have reached a tentative three-year labor agreement, averting a potential strike. The deal includes wage increases and additional benefits for employees. Disney confirmed the agreement, emphasizing their commitment to employee wellbeing.
July 24, 2024 | 5:32 pm
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Disney has reached a tentative three-year labor agreement with unions representing 14,000 Disneyland employees, preventing a potential strike. The agreement includes wage increases and additional benefits for employees.
The agreement prevents a potential strike, which could have disrupted operations and negatively impacted revenue. The inclusion of wage increases and additional benefits may improve employee morale and productivity, positively influencing Disney's stock price in the short term.
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