Disney Offers Buyouts

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Walt Disney Co., the world’s largest theme-park operator, is offering buyouts to executives at its U.S. resorts to cut costs as consumers curb spending.

The offer was sent to about 600 executives, according to a person familiar with Burbank-based Disney’s plans. Workers have until Feb. 6 to respond, according to a copy of the letter sent to employees.

“Given the continued uncertainty of the economic environment, we must manage our business even more productively,” Disney said in a statement sent Wednesday by e-mail.

Flagging consumer spending cut profit at Disney’s parks and resorts by 4.2 percent to $412 million in the quarter ended in September, the company reported on Nov. 6. Revenue rose 6.5 percent to $2.97 billion.




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