Cineworld to Close Six UK Cinemas in Major Restructuring Effort
The cinema chain aims to cut costs and negotiate lower rents to ensure long-term profitability.
- Six cinemas in Glasgow, Bedford, Hinckley, Loughborough, Yate, and Swindon will close by late September 2024.
- Employees at affected sites will be offered redeployment opportunities where possible.
- The restructuring plan seeks court approval and aims to reduce operating costs and secure additional funding.
- Cineworld's operations outside the UK will remain unaffected by the closures.
- The company has recently emerged from Chapter 11 bankruptcy and is focused on financial recovery.