Tokyo Disney Resort operator Oriental Land Co. is cutting its semiannual bonus payments by 70 percent this winter due to revenue falls amid the novel coronavirus pandemic, but investors are already betting that its business will return to normal next year.
The pay cut for about 4,000 of its employees, announced Monday, will be the first time the company has cut bonus payments, which workers in Japan typically see as part of their salaries, from the initial budget.
As for people working at its theme park attractions such as dancers who have had their work hours sharply cut due to reduced operating capacity and live show suspensions, the company will offer them options such as transfers within the company and early retirement, Oriental Land said.