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DIS » Topics » Restructuring

This excerpt taken from the DIS 10-Q filed Aug 9, 2006.

Restructuring

On July 18, 2006, the Company announced a restructuring of the operations of Studio Entertainment. In connection with this restructuring, the Company expects to reduce the Studio workforce by approximately 650 positions worldwide resulting in an after-tax charge for employee termination benefits of approximately $25 million, the majority of which is expected to be incurred in the fourth quarter of fiscal 2006.

 

25

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS—(continued)

 

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