"SeaWorld Entertainment revealed Friday that it will not bring back some of the thousands of workers it had furloughed earlier on in the pandemic.
In a Securities and Exchange Commission filing that came just before 5 p.m., the Orlando-based company said it had “committed to a plan of termination, impacting some of the company’s furloughed employees.”
It did not specify how many workers were permanently let go or which parks were affected but said the company will spend somewhere between $2.5 million and $3 million “related to employee severance costs.”
At the end of 2019, companywide there were nearly 11,000 part-time and 4,300 full-time employees."
“Substantially all of these employees were furloughed as part of the company’s efforts to reduce operating expenses and adjust cash flows in light of business circumstances associated with the COVID-19 pandemic,” the filing states. “Due to the sudden and unforeseeable economic impacts of the pandemic on the company’s business operations, that were not reasonably foreseeable at the time of the temporary furlough, the company has determined that it will transition certain park and corporate personnel from a furlough status to permanent layoff.”
SeaWorld Entertainment revealed Friday that it will not bring back some of the thousands of workers it had furloughed earlier on amid the coronavirus pandemic. In a Securities and Exchange Commissi…
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