August 31, 2018 / 9:20 PM / 2 months ago

Disney World workers reach tentative agreement on wages

FILE PHOTO: Security officers staff the entrance at the Walt Disney World's Magic Kingdom in Orlando, Florida, U.S. June 13, 2016. REUTERS/Barbara Liston/File Photo

(Reuters) - Walt Disney World workers have reached a tentative agreement with parent Walt Disney Co (DIS.N) regarding wages, union body International Brotherhood of Teamsters said on Friday.

The union said the tentative deal will be voted on next week and a contract will be in effect until October 1, 2022 if approved.

If ratified, Disney World workers will receive a minimum of $4.75 in wage increases over the lifetime of the contract, with everyone at the resort getting a minimum increase of $2.50 by March 6, 2019.

Employees will also receive retroactive pay back to September 24, 2017, and a bonus of $1,000.

By 2021, all employees will be at a minimum starting rate of $15, the union said.

The contract follows a year of negotiations with the company and the Service Trades Council Union, a coalition of Teamsters Local 385 and five other unions who represent more than 39,000 workers at Walt Disney World.

Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber

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