DVC Execs Offered Buyouts

Last week it was revealed that over 600 Disney executives within its US theme park units were offered early retirement packages.  And it appears that Disney Vacation Club execs are among those offered the buyouts.

According to Disney blogger Jim Hill:

Mouse House officials have identified 313 likely candidates at the Resort, Disney Vacation Club and Disney Cruise Line for buyouts. And as I understand it, a good number of the managers & directors who have been targeted are near and/or approaching retirement age. Which is why Disney hopes that at least 2/3rds of these candidates will actually opt for VPS (i.e. the Company's voluntary separation plan).

The remaining buyout offers were spread over employees in west-coast Disney units Disneyland, Walt Disney Imagineering and the corporate headquarters.  Disney attributes the need for this wave of buyouts to the uncertain future of the US economy.

Additional information:

Orlando Sentinel
Jim Hill Media
MousePlanet.com

 

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