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Disney Closes a $71 Billion Deal for Fox's Entertainment Assets!


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54 minutes ago, RedSoxFan9 said:

 

https://www.latimes.com/business/la-fi-disney-contract-vote-20180726-story.html

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Unions representing nearly 10,000 workers at the Disneyland Resort ended a months-long labor dispute by voting overwhelmingly Thursday in favor of a three-year contract that raises hourly wages by as much as 20% immediately and an additional 13% in January.

The employees — including candy makers, custodians, retail workers, attraction operators and others — voted nearly 75% in favor of an offer that raises the minimum hourly rate of $11 to $13.25 immediately and to $15 starting in January, three years before California’s minimum wage is scheduled to reach that level. An increase to $15.50 an hour is slated for June 2020.

 

Disneyland workers from a variety of unions protest the lack of progress of negotiations with Walt Disney Co. on July 3, 2018. (Allen J. Schaben / Los Angeles Times)

Unions representing nearly 10,000 workers at the Disneyland Resort ended a months-long labor dispute by voting overwhelmingly Thursday in favor of a three-year contract that raises hourly wages by as much as 20% immediately and an additional 13% in January.

The employees — including candy makers, custodians, retail workers, attraction operators and others — voted nearly 75% in favor of an offer that raises the minimum hourly rate of $11 to $13.25 immediately and to $15 starting in January, three years before California’s minimum wage is scheduled to reach that level. An increase to $15.50 an hour is slated for June 2020.

 

Resort employees with higher salaries, such as truck drivers, would get more modest wage increases, with workers who earn $20 an hour receiving a raise of 60 cents an hour immediately and an additional 75 cents in January. Hourly pay would increase to $21.99 in June 2020.

All workers will get a retroactive pay increase of either 3% or 50 cents an hour, whichever is greater, back to June 17, 2018.

The contract applies to workers in four unions at Disneyland, California Adventure Park and the nearby shopping district.

 

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On 3/20/2019 at 12:29 PM, Pikachu said:

For the people who don't like this deal, would you have preferred Comcast purchasing Fox?

 

Yes. I don't want everything to be under Disney's formula. Bob Iger is arguably the greatest CEO in the world and his business decisions made Disney into a unparalleled empire. But artistically,  people have stated that he really push for familiarity over risk taking and that is my problem with this deal. 

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