Disney World and Union Reach Contract Agreement

The agreement announced Friday raises starting hourly pay to $9.50 next year and $10 in 2016.

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    NEWSLETTERS

    A statue of Walt Disney and Mickey Mouse stands in front of the Cinderella's castle at Walt Disney World's Magic Kingdom (Photo by Matt Stroshane/Bloomberg via Getty Images)

    Union officials say Walt Disney World has reached a tentative labor agreement with its largest union group that raises starting hourly pay from a little over $8 to $9 this year.

    The agreement announced Friday raises starting hourly pay to $9.50 next year and $10 in 2016.

    Union members will vote whether to approve the proposed contract on Aug. 1.

    The contract covers 21,000 full-time workers at the Florida-based theme park resort, which has around 45,000 full-time and 25,000 part-time employees.

    Union officials say the contract freezes employee health care costs in 2015.

    Disney World and union officials have been negotiating since March, when the previous contract expired.

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