So far, Disney’s zealous theme park security procedures seem like working. University epidemiologists and public well being officers have mentioned that — so far as they will inform — there have been no outbreaks amongst Disney employees or friends. Disney has declined to remark besides to notice that new infections in Florida have dropped sharply since Disney World reopened.
Revenue at Disney’s worldwide theme park division, which features a still-closed cruise line and the Disney Store chain, totaled $1 billion in the newest quarter, an 85 % decline from the identical interval a 12 months earlier. Operating revenue plunged by $three.7 billion, leading to a quarterly lack of $2 billion. Mr. D’Amaro mentioned on Tuesday that the restructuring would create a extra “effective and efficient operation when we return to normal.”
The remainder of Disney has been bouncing again. Live sports activities returned to ESPN in August. Movie and tv manufacturing has restarted, though Disney continues to postpone movie releases. Disney+ has been rising quickly sufficient to maintain Disney’s inventory worth comparatively excessive at $125, down three % from a 12 months in the past.
Central Florida’s once-booming leisure and hospitality trade has been decimated by the pandemic. Unemployment in Orange County — house to Disney World, the Universal Orlando Resort, SeaWorld and dozens of mom-and-pop vacationer points of interest — stood at 11.6 % in August, up from three.1 % in August 2019, based on the Florida Department of Economic Opportunity. Osceola County, which abuts Disney World to the south, had 15.1 % unemployment in August, up from three.5 %.
Statewide, the August unemployment price in Florida was 7.four %.
Universal Orlando laid off a gentle stream of workers over the summer time and lately notified state officers that about 5,400 employees had been positioned on prolonged furlough. SeaWorld laid off 1,900 workers at its Orlando properties this month. A number of days earlier than its layoffs, SeaWorld shocked employees by altering its severance coverage, transferring to a discretionary system from a hard and fast formulation based mostly on tenure.
Workers at Universal and SeaWorld aren’t unionized.
“The layoffs and furloughs have been devastating,” mentioned Mike McElmury, trustee of Teamsters Local 385, which represents about 5,000 Disney World bus drivers, laundry employees and entertainers, together with those that greet guests in costume as Disney characters. At least 2,000 have been nonetheless on furlough as of Monday. “We’re at the point where people are having a hard time figuring out where they will get their next meal,” Mr. McElmury mentioned.
Over the summer time, an Orlando union organized a weekly meals financial institution for furloughed theme park employees. Jeremy Haicken, president of Unite Here Local 737, which represents roughly 18,000 Disney World meals service employees and resort housekeepers, mentioned that its meals financial institution was initially stocked to serve about 200 households. About 800 have been supplied with free groceries on Saturday, with the road stretching two miles, Mr. Haicken mentioned.