Loading articles...

Cineplex lays off 130 workers in Canada and U.S. amid COVID-19 troubles

Last Updated Jul 17, 2020 at 12:35 pm EDT

Cineplex Odeon Theatre at Dundas Square in Toronto is shown on Monday, December 16, 2019. Cineplex Inc. says it has temporarily laid off its part-time workers after closing its movie theatres and other entertainment venues early last week.THE CANADIAN PRESS/Aaron Vincent Elkaim


Cineplex Inc. says it is laying off more than 130 workers as the company continues to grapple with the COVID-19 pandemic and a takeover deal that has turned litigious.

The Toronto-based theatre chain says workers in Canada and the U.S. are impacted by the cuts, which includes senior executives due to retire.

Cineplex says it is confident its business will recover from the COVID-19 closures but in the short- and medium-term it will focus on a smaller number of projects and priorities.

It is in the process of reopening many of its theatres that closed as the pandemic began to spread and is implementing distanced seating, reservations and additional cleanings.

Cineplex is also suing U.K.-based Cineworld Group PLC, which was due to purchase Cineplex for $2.8 billion, but walked away from the deal because of alleged material adverse effects and breaches of contract.

Cineplex has denied the claims and says Cineworld is backing away from the deal because of buyer’s remorse.

Latest Traffic & Weather
680 NEWS TRAFFIC @680NEWStraffic 680 News Traffic Twitter verified icon
Updated Yesterday at 08:51 PM
COLLISION: WB 401 approaching HWY 400 in the collectors only the left lane is getting through due to a crash #HWY401
Latest Traffic
680 NEWS WEATHER @680NEWSweather 
Updated Just moments ago
It’s Friday! πŸ™Œ Most areas will have quite a bit of cloud today with just a chance of showers. Temperatures in…
Latest Weather