The Worrisome Detail in Disney's Coronavirus Employee Furlough
Disney (NYSE: DIS) has taken extensive measures to protect its far-flung entertainment empire from the coronavirus pandemic, but is now seriously threatened. Although the extreme actions were necessary and analysts are forecasting a substantial hit to financial performance, the far-reaching implications may actually be worse than predicted.
Hints of what investors might expect were contained in an agreement Disney reached with the Service Trades Council Union, which represents the theme park employees at Walt Disney World who are being furloughed. This could be much more catastrophic than thought.
Image source: Disney.
Source Fool.com
