It isn't wrong on so many levels. It is how the entertainment world works, the world over. They are closing the show for six months so they can strike, rehab the floats, and then reinstall and program the new theater. That takes time, whether you want to believe it or not.
You don't keep AEA performers, when the show they are contracted for closes. You just don't. Plain and simple. If you're hired to play Kiume at FOLK, and FOLK closes, what are you then to do?
If a Broadway show closes for six months, they don't keep the entire company on.
Equity performers (and any contracted performer at any show, anywhere) take that risk when they sign the contract. You know it is only for a specific amount of time, and you have no guarantee that you will be selected again at the end of your contract.
Does it seem unfair? Sure! But that's show biz, kids. This is not a case of Disney firing a bunch of performers just so they can save money.
Sorry to come out swinging, but I couldn't read anymore posts that were completely off base, without giving the insight that I have (with regards to show contracts).