Home » Business » Cineworld is closing cinemas in the USA and Britain, 45,000 jobs are at risk

Cineworld is closing cinemas in the USA and Britain, 45,000 jobs are at risk

Cineworld is the largest cinema operator in the world. This year, it is facing problems mainly due to the coronavirus pandemic and related restrictions. These problems have now been exacerbated by the further postponement of the premiere of the new film with James Bond, the Financial Times server said.

“Cineworld will continue to closely monitor the situation and announce any future plans to resume operations in these markets in a timely manner,” the company said in a statement.

In September, the company announced a half-year pre-tax loss of $ 1.6 billion (37 billion crowns). The company’s net debt rose to $ 8.2 billion (189.56 billion crowns), the Financial Times reminded.

According to Monday’s announcement, 45,000 people will be temporarily out of work at the moment. According to the Financial Times, at least 30,000 of them are at risk of permanent job loss.

As of October 8, 543 Regal Cinemas cinemas in the United States and another 128 cinemas in Britain will close. According to the BBC, the company did not say when it plans to reopen closed branches.

Bond’s film No Time to Die with Daniel Craig was supposed to go to the cinemas in April. He was postponed to November due to a pandemic. Now, however, the premiere has moved on to next April.

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