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Disney Employees Make Decision on Voluntary Severance Offers.
Knight Ridder/Tribune Business News, April, 2001
The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Apr. 27--With today the deadline for Walt Disney Co. workers to accept voluntary severance offers, about three-quarters of the employees targeted have taken the buyout, Disney chief Michael Eisner said on Thursday.
"I think the number of people we'll have to let go will be fairly limited," Eisner said after giving a speech to Gov. Jeb Bush and about 100 of his managers in Tallahassee. "I do think you run things better leaner."
Eisner's comments come four weeks after Disney announced that it would cut 4,000 jobs companywide, including 1,400 in Orlando, by July in response to the sluggish economy.
The move -- the largest job cut in the company's history as it struggles...
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