Tens of thousands of Disney workers will not receive another paycheck for the foreseeable future as furloughs began Sunday due to the coronavirus pandemic
"The system was designed to fail even in the best of times, and now hundreds of thousands of workers are paying the price," said Jeremy Haicken, president of Disney World union Local 737.
The situation is dire, Jeremy Haicken, president of UNITE HERE Local 737, the union which represents workers in Walt Disney World Food & Beverage and Housekeeping, told "Florida is on the verge of a humanitarian disaster," said Haicken. "The system was designed to fail even in the best of times, and now hundreds of thousands of workers are paying the price. What are workers going to do when their children are starving — ask them to wait seven weeks for [Gov.
Disney shares fell Monday in trading after the UBS investment banking company downgraded the stock, noting in part the uncertainty of the parks' future. On Friday, Iger was among those announced as members of a California task force aimed at reviving California's economy, which is now officially entering an recession. That same day, the exec spoke of the obstacles and realities that come with reopening the economy.
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