Disney to Hand Out $125 Million in Employee Bonuses Due to Trump Tax Cuts

The Walt Disney Company announced Tuesday it will give a one time, $1,000 cash bonus to 125,000 U.S.-based employees, for a whopping total of $125 million. And according to an internal memo obtained by TheWrap, Disney CEO Bob Iger said the bonuses come “as a result of the recently enacted tax reform” passed by Republicans in December.

The one-time $1,000 cash bonus will be distributed in two payments of $500, the first in March and the second in September. All U.S.-based Disney employees, either hourly or salaried, who have been with The Walt Disney Company since Jan. 1 of this year will be eligible. In accordance with federal law, the company said it will work separately with union representatives to determine possible distribution plans for union employees.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://www.thewrap.com/disney-125-million-employee-bonuses-trump-tax-cuts/

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