Disneyland unions agree to 'historic' 31% pay raise
Disneyland unions secured a 31% pay raise for employees over three years, increasing wages to $24 in 2024 and $26 in 2026, following extensive negotiations and avoiding a strike.
Read original articleDisneyland unions have reached a significant agreement, securing a 31% pay raise for employees over the next three years, marking the largest wage increase in the park's history. The Master Services Council, representing 14,000 workers from four unions, announced that the new contract was accepted following a four-month negotiation period that nearly led to a strike. The pay increase will raise hourly wages from the current $19.90 to $24 in 2024 and $26 in 2026. Additionally, long-term employees will receive incremental raises based on their years of service, with back pay effective from June 17 for current employees. New hires will earn 90% of the new rate during their first year. Both Disney and union representatives hailed the agreement as a historic milestone for Disneyland cast members, emphasizing the commitment to improving their overall well-being. The contracts are effective immediately across Disneyland, Disney California Adventure, and Downtown Disney. This agreement comes after extensive negotiations that began in April, reflecting the ongoing efforts to address employee compensation and working conditions at the theme park.
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The parks are the main bright spot for $DIS, and it's up despite this agreement, so this doesn't seem like the end of the world for the company. They have much bigger issues to worry about.
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