One of the UK's largest cinema chains, Cineworld, has announced the closure of six sites across the country as part of a major restructuring plan.
Cineworld announces closure of six cinemas as part of restructuring plan
The company says the move is intended to secure the long-term future of its UK operations and has launched a consultation process with employees at the affected sites.
If the restructuring plan (RP) is approved by the court, Cineworld expects the changes to take place by the end of September 2024. The total number of locations affected cannot be confirmed until the process is complete. Cineworld currently operates more than 100 cinemas in the UK.
A Cineworld spokesperson said: “We are implementing a restructuring plan that will provide our business with a strong platform to return our operations to profitability, attract further investment from the Group and secure a sustainable long-term future for Cineworld in the UK.”
