UFCW Says Over 14,000 Disney Cast Members In Anaheim, Calif., Including 4,500 UFCW Local 324 Members, Ratified New Contracts On July 29; New Contracts Include That Most Disney Cast Members In Anaheim Will Receive $6.10 Over 3-years; New Contracts Expire In 2027; New Contracts Include Minimum Base Wage Rate Of $24 In 2024 For Disney Cast Members In Anaheim
Portfolio Pulse from Benzinga Newsdesk
Over 14,000 Disney cast members in Anaheim, including 4,500 UFCW Local 324 members, ratified new contracts on July 29. The new contracts include a $6.10 wage increase over three years and a minimum base wage rate of $24 in 2024. The contracts expire in 2027.
August 09, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Disney's new labor contracts for over 14,000 cast members in Anaheim include a $6.10 wage increase over three years and a $24 minimum wage in 2024. The contracts expire in 2027.
The new labor contracts will increase Disney's labor costs in Anaheim, which could impact short-term profitability. However, the long-term impact may be neutral as it ensures labor stability until 2027.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100