Labor & Economic News Blog
Thursday, July 13, 2006
Disney reportedly will cut jobs, film output
Disney reportedly will cut jobs, film outputIn StarTribune.com Business
Walt Disney Co. will substantially reduce its workforce and slash its annual output of films from 18 to eight -- cutbacks greater than Hollywood had anticipated, Daily Variety reported Wednesday. The Hollywood trade paper said that all the movies will be Disney-branded, suggesting diminished roles for its Touchstone label, and that a Disney announcement was expected within 10 days. Burbank, Calif.-based Disney, basking in the glow of a record $135.6 million debut weekend box office for "Pirates of the Caribbean: Dead Man's Chest," wouldn't discuss the report. Disney's move reflects a trend in
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