Disney staff to receive bonus thanks to Trump
Disney is to pay its 125,000 US-based employees a one-time bonus of $1,000, made possible by President Donald Trump’s tax reforms.
At the same time, the company will invest $50 million in its employee training programme and provide ongoing funding of up to $25 million a year.
Disney said both the bonus and the investment in training were made possible due 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," said CEO Bob Iger.
"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.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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