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Mon, Dec 19, 2005 - Page 12 News List

Euro Disney cuts staff bonuses, but not management's


Staff at Euro Disney's troubled theme park east of Paris will go without their Christmas bonuses for the first time since the attraction opened in 1992 in a move branded an "affront" by several unions.

Blaming poor results, management has cut the 100 euro (US$120) gross handout to between 7,000 and 7,500 employees, CFDT union delegate David Charpentier said.


Three unions are circulating a petition which has already been signed by "several thousand workers to tell management of their indignation at this affront," according to a CFDT statement on Saturday.

The petition will be presented to management today.

"While for months Euro Disney staff have been subjected to a corporate and operational policy which is as unjust as it is inefficient, due to budgetary constraints, increasing understaffing and a range of pressures, the management of the company has now gone even further: It is cutting the modest end-of-year bonus of 100 euros, except for management," the CFDT complains.


Euro Disney countered that it has "never paid end-of-year bonuses."

"It is an `exceptional bonus' which allows management not to pay welfare contributions linked to classic end-of-year bonuses," Charpentier said.

"But in fact, it's the first time since the opening of the park in 1992 that the staff will not get their end-of-year bonus," he said.

According to his union, the company "intends to preserve the bonuses paid to management staff amounting to over 3 million euros."

The management denies this, saying: "These `bonuses' for managers are part of their salary package."

The park, which changed its name to the more popular Disneyland Paris in 1994, employs over 10,500 staff at the Marne-la-Vallee site.

`Better ride'

Last month operator Euro Disney announced a 35 percent cut in net losses for the previous nine-month period and said investors would have a better ride next year.

The debt-ridden group has had to restructure its finances twice since being launched in the early 1990s and completed a 253.3 million euro capital increase in February to avert a risk of insolvency.

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