As amusement parks across the globe shut down in the face of the coronavirus outbreak, the amusement park corporation, Six Flags is cutting salaries to stay afloat.
The corporation is cutting executive salaries by 25 percent, as well as salaries of all full-time salaried workers. Six Flags is also cutting scheduled hours for all full-time hourly employees by 25 percent, down to 30 hours a week.
“We decided to decrease salaries rather than implement a workforce reduction to ensure our team members have income and health benefits so that Six Flags has an experienced workforce in place when we are in a position to re-open our parks,” said Mike Spanos, President and CEO. “Our hope is that these measures are only temporary and will help bridge the financial gap the company is facing, in the fairest manner possible, until we can return to normal operations.”
These changes go into effect on April 6, 2020.
This changes comes along with the recent announcement that all Six Flags parks will remain closed until mid-May, “or as soon as possible thereafter, reflecting federal and local restrictions in place to mitigate the spread of COVID-19.”