Disney Parks Looking to Buyout Management

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From the Orlando Sentinel:

Walt Disney Co. said today it is offering buyouts to 600 executives in its domestic theme parks and resorts, including 313 managers at Disney World in Orlando, to reduce costs in the face of the ongoing nationwide recession.

The 600 executives, all above the level of director, have until Feb. 6 to decide if they want to take the offered buyout. At that point, the company may consider layoffs as well.

Disney did not say how many jobs it planned to eliminate.

“Given the continued uncertainty of the economic environment, we must manage our business even more productively,” Leslie Goodman, executive vice president of worldwide public affairs in Disney’s parks and resorts division, said in a written statement released this afternoon.

She also noted that “the parks and resorts division is in the process of implementing a number of initiatives to contain costs and maximize efficiency.”

Many see this as a word of warning to these employees that they should walk away while they can or Disney will probably just fire them along with many lower-level cast members in the coming weeks. Pretty amazing how attendance worries & a bad economy have the company running for it’s life. Stay tuned to Disneyland News Today for more on this breaking story as it becomes available.

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