Cineworld reveals first cinema closures as part of restructuring plan | Business News

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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 as part of its cost-cutting exercise.

They are:

• Glasgow Parkhead;

• Bedford;

• Hinckley;

• Loughborough;

• Yate;

• Swindon – Regent Circus.

A Cineworld spokesperson said: “We are implementing a restructuring plan that will provide our company with a strong platform to return our business to profitability, attract further investment from the Group, and ensure a sustainable long-term future for Cineworld in the UK.”

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