Mickey says, 'So long'.(pink slips at ABC)(Brief Article)

Broadcasting & Cable, April, 2001

ABC staffers Last week received Letters outlining the details of Disney's proposed buyout package. Employees serving Less than two years get 12 weeks severance pay, while those serving two to three years get 16. Four years and up gets worker bees eight weeks plus an additional week for each year of service up to a maximum of 60 weeks, while directors and higher get eight weeks and two additional weeks for each year served up to 60 weeks.

Employees have three weeks to decide. Two weeks ago, Disney said 4,000 staffers would be cut by July.