Disney to Direct $125 Million To Cast and Employees and Higher Education
The Walt Disney Company (DIS) and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
The Walt Disney Company has announced that it will be giving over 125,000 of its employees a one-time cash bonus of $1000. The bonus will be given to those employed by the company as of January 1, 2018, in the form of two payments: one in March and one in September of this year.
Disney has also announced that that it will be investing an initial $50 million towards a new education program that has been designed to help its hourly employees cover tuition costs for their higher education. This new education initiative will allow for nearly 88,000 of the company’s hourly employees pursue higher education or vocational training, even including those courses that have no relation to their current responsibilities with Disney. Disney plans to annually provide up to $25 million towards the new education program.