The number of people slated for layoffs sometime in near future keeps growing every time we get any morsel of information on what's coming. Disney really should be more transparent when it comes to layoffs. Some of us understand that cuts are necessary due to the situation, but torturing us like this by keeping us in suspense with no official info is not.
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Any Cast Member with at least 10 years of service, and, who has reached the age of 55, can retire at anytime and begin receiving their retirement benefits. Even if the company lays you off, you can then still retire at that point. Call HR retirement for more information. They are very helpful and can answer all of your questions.
I would call HR and ask about retirement vs layoff. Something to think about... if you take retirement, you won't be able to draw unemployment. So, are you planning to try to find another job? If so, perhaps get the other job lined up and then retire from Disney. Also, do you have the Disney pension? I'm assuming that's the concern with being laid off. Will they still allow you to take the pension if they lay you off? That would be the question for HR.
I'm a retired cast member, but my husband still works for Disney. He managed to get recalled (so we're very blessed in that respect), but we keep wondering if Disney will offer early retirement to those age 55 and over with at least 10 years before they do formal layoffs.
Does anyone know if someone is at A disney retirement age, will they allow to have the option to take retirement instead of an outright layoff?
You are correct @4xhh!
According to the STCU agreement:
Everyone who has insurance will keep it for the duration of the furlough up to 12 months, including both full-time workers as well as part-time workers who qualify under the Affordable Care Act.
@vaw
Pay close attention to the words "up to 12 months" and "for the duration of the furlough"
They have not committed to 12 months of benefit payments... ONLY while you are still furloughed. Once you are laid off you are no longer furloughed.
Disney never committed to one year of medical coverage, so I don’t know where you are getting that information. It’s false.
The FY ends the last week of this month. You can bet they will stall until the very end, so two weeks from now.
If someone/people reading this knows anything about lay-offs actually being planned, at the least, say something on here. I am getting zero information from my team. Please, it would be valuable to know as much as possible that you can comfortably share on here.
Disney has no incentive to lay people off. They can leave their employees on furlough and call back as needed because they are committed to one year of medical payments.
How do you know? Where did you get this info? Will it be before October?