Disney employees to get USD1,000 tax reform cash bonus
Rather belatedly, Disney will pay 125,000 employees a one-time tax reform gift of $1,000.
At the same time the House of Mouse will also invest $50 million into its employee training program.
Disney sais both were made possible thanks to the recent tax reform bill.
"We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program," CEO Bob Iger said.
"I have always believed that education is the key to opportunity; it opens doors and creates new possibilities. Matched with the $1,000 cash bonus, these initiatives will have both an immediate and long-term positive impact."
Disney joins numerous other companies sharing tax savings with their workforce, including American Airlines and Southwest Airlines.
Disney non-executive employees will receive the payment in two instalments in March and September.
The college tuition program is eligible for up to 88,000 hourly paid employees in the US.
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