The operator of Tokyo Disney Resort (TDR), Oriental Land Co., will cut winter bonuses by 70% for a total of 4,000 full-time and part-time employees, it has been learned. This will be the first time the company has cut employee bonuses under the current wage system.
Tokyo Disneyland and Tokyo DisneySea were closed for about four months from the end of February due to the spread of the novel coronavirus. Even since the park reopened in July, the operator has restricted the number of visitors to less than half of normal, and sales are declining.
The company will also cut executive pay for its president, Kyoichiro Uenishi, and other executives. The company had already announced that it will reduce executive pay by 10% to 30%, but plans to further reduce the amount.
For dancers, whose work has decreased due to events shrinking, the company will offer them a choice of relocation. After their contract expires, they will be asked to choose from three options: 1) to renew their contract but only receive compensation for absence from work; 2) to shift to a part-time job working in the park; or 3) to leave after receiving financial assistance.
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