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.
`Affront'
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.
Denial
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.
SILICON VALLEY HUB: The office would showcase Taiwan’s strengths in semiconductors and artificial intelligence, and help Taiwanese start-ups connect with global opportunities Taiwan has established an office in Palo Alto, one of the principal cities of Silicon Valley in California, aimed at helping Taiwanese technology start-ups gain global visibility, the National Development Council said yesterday. The “Startup Island Taiwan Silicon Valley hub” at No. 299 California Avenue is focused on “supporting start-ups and innovators by providing professional consulting, co-working spaces, and community platforms,” the council said in a post on its Web site. The office is the second overseas start-up hub established by the council, after a similar site was set up in Tokyo in September last year. Representatives from Taiwanese start-ups, local businesses and
EXPRESSING GRATITUDE: Without its Taiwanese partners which are ‘working around the clock,’ Nvidia could not meet AI demand, CEO Jensen Huang said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and US-based artificial intelligence (AI) chip designer Nvidia Corp have partnered with each other on silicon photonics development, Nvidia founder and CEO Jensen Huang (黃仁勳) said. Speaking with reporters after he met with TSMC chairman C.C. Wei (魏哲家) in Taipei on Friday, Huang said his company was working with the world’s largest contract chipmaker on silicon photonics, but admitted it was unlikely for the cooperation to yield results any time soon, and both sides would need several years to achieve concrete outcomes. To have a stake in the silicon photonics supply chain, TSMC and
‘DETERRENT’: US national security adviser-designate Mike Waltz said that he wants to speed up deliveries of weapons purchased by Taiwan to deter threats from China US president-elect Donald Trump’s nominee for US secretary of defense, Pete Hegseth, affirmed his commitment to peace in the Taiwan Strait during his confirmation hearing in Washington on Tuesday. Hegseth called China “the most comprehensive and serious challenge to US national security” and said that he would aim to limit Beijing’s expansion in the Indo-Pacific region, Voice of America reported. He would also adhere to long-standing policies to prevent miscalculations, Hegseth added. The US Senate Armed Services Committee hearing was the first for a nominee of Trump’s incoming Cabinet, and questions mostly focused on whether he was fit for the
SHARED VALUES: The US, Taiwan and other allies hope to maintain the cross-strait ‘status quo’ to foster regional prosperity and growth, the former US vice president said Former US vice president Mike Pence yesterday vowed to continue to support US-Taiwan relations, and to defend the security and interests of both countries and the free world. At a meeting with President William Lai (賴清德) at the Presidential Office in Taipei, Pence said that the US and Taiwan enjoy strong and continued friendship based on the shared values of freedom, the rule of law and respect for human rights. Such foundations exceed limitations imposed by geography and culture, said Pence, who is visiting Taiwan for the first time. The US and Taiwan have shared interests, and Americans are increasingly concerned about China’s