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Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook

Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook
Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook

Walt Disney Co (NYSE:DIS) Disneyland cast members, who portray characters like Mickey and Minnie Mouse and perform in parades, voted to unionize with the Actors’ Equity Association, the union announced.

This vote, supervised by the National Labor Relations Board, achieved a 79% majority, with 953 out of 1,211 cast members voting in favor.

The union, representing over 51,000 professional actors and stage managers nationwide, sought to address issues such as safety, scheduling, fair wages, and other workplace benefits, as reported by the New York Times.

Also Read: From Tesla To Toyota: UAW Launches Ambitious Campaign To Unionize Top Auto Players

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Kate Shindle, president of the union, referred to the successful vote as a dream come true for those who had worked to organize the union effort.

This unionization, involving 1,700 workers at the Anaheim location, echoes a broader trend of organizing within the entertainment industry and large companies across the U.S., including over 11,000 screenwriters represented by the Writers Guild of America.

The outcome of this vote, pending no challenges, will be certified by the regional director of the National Labor Relations Board within a week. The goal is to enhance the working conditions for employees and the experience for park visitors.

Earlier in May, reports indicated Apple Inc’s (NASDAQ:AAPL) unionized retail store in Towson, Maryland, and another store in Short Hills, New Jersey, were considering a potential strike over pay, benefits, and scheduling.

Companies, including Starbucks Corp (NASDAQ:SBUX) and Amazon.com Inc (NASDAQ:AMZN), have garnered attention for their unionization efforts to improve pay and compensation.

Amazon doled over $3 million in 2023 on consultants to deter unionization versus $14.2 million in 2022 and $4.3 million in 2021.

Walt Disney stock gained over 12% in the last 12 months. Investors can gain exposure to the stock via AdvisorShares Gerber Kawasaki ETF (NYSE:GK) and Vanguard Communication Services ETF (NYSE:VOX).

Price Action: DIS shares traded higher by 0.15% at $103.40 premarket at the last check on Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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This article Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook originally appeared on Benzinga.com

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