With its theme parks shuttered indefinitely due to the coronavirus, The Walt Disney Co. announced Thursday it will furlough non-essential employees later this month.

“The COVID-19 pandemic is having a devastating impact on our world with untold suffering and loss, and has required all of us to make sacrifices,” according to a Disney statement. “Over the last few weeks, mandatory decrees from government officials have shut down a majority of our businesses. Disney employees have received full pay and benefits during this time, and we’ve committed to paying them through April 18, for a total of five additional weeks of compensation.

“However, with no clear indication of when we can restart our businesses, we’re forced to make the difficult decision to take the next step and furlough employees whose jobs aren’t necessary at this time.”

According to the company, the furloughs will take effect April 19. Furloughed workers will remain Disney employees, albeit without pay, and continue to receive healthcare and education benefits. The company noted that employees will be able to use any available paid time off during the furlough period, and they will qualify for state unemployment benefits, along with “an extra $600 per week in federal compensation through the $2 trillion economic stimulus bill.”

News of the furloughs comes two days after Disney Executive Chairman Bob Iger announced he will be forgoing his salary due to the pandemic’s impact, and CEO Bob Chapek said he will take a 50% pay cut.

In a company-wide email, Chapek wrote that all of the company’s vice presidents will take 20% pay cuts, senior vice presidents will take 25% cuts and executive vice presidents and other senior execs will take 30% cuts.

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