Cineworld has confirmed six cinemas will close as part of plans to cut jobs and save money, as the company struggles with debt.
The firm is yet to confirm the full details of a restructuring plan, reported by Sky News on Thursday, that would see 25 UK cinemas close their doors and cut hundreds of jobs.
But it has disclosed the first six cinemas which will shut in “late September 2024” if the cost-cutting plans get legal approval.
They are:
• Glasgow Parkhead;
• Bedford;
• Hinckley;
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• Loughborough;
• Yate;
• Swindon – Regent Circus.
A statement on Saturday described them as “commercially unviable”.
It said: “Against a background of increasingly high and unsustainable operating costs, the business is set to implement a restructuring plan that will enable it to address its lease portfolio and rental terms with landlords in the UK.”
The chain hopes it will “return our business to profitability” and “ensure a sustainable long-term future for Cineworld in the UK”, it added.
Staff at cinemas earmarked for closure will be “offered redeployment at nearby sites” as far as possible.
The full list of cinemas to be closed will not be revealed until the restructuring plan is complete, the spokesperson added.
The company stressed that “a restructuring plan is not bankruptcy – but a legal process”, which will allow it to make efficiencies in order to be profitable again.
Cineworld cinemas outside the UK are unaffected.
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