More than 125,000 employees at Walt Disney Company across the globe will each receive a $1,000 cash bonus, the company announced Tuesday.
The company will also invest $50 million to help hourly employees pay for college tuition starting with the upcoming fall semester, company chairman and chief executive officer Robert Iger announced Tuesday. Nearly 88,000 employees are eligible.
...Several large American companies have planned bonuses for employees recently. More than 67,500 Florida workers at Wal-Mart and Sam’s Club will get paid $105.7 million in increases and bonuses, the company announced earlier this month, while also closing some Sam’s locations. Orlando-based Darden Restaurants said earlier this month the new GOP tax cut will prompt it to spend an additional $20 million on its 175,000-plus employees this year, but did not give specifics.
And this week, about 27,000 Universal Parks and Resorts employees, including 18,000 in Orlando, are among 100,000 or so Comcast employees who are receiving $1,000 bonuses. Comcast, which owns Universal Orlando parent NBCUniversal, announced its bonuses in December.
Both theme park companies said the extra money for employees came at least in part from the tax cut that reduced the corporate tax rate from 35 percent to 21 percent. Comcast also cited “the FCC’s action on broadband” as a factor.
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Originally Posted by Chris
