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Cineplex announces layoffs of full-time workers amid ‘small restructuring’

April 11, 2018 5:43 PM
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The Toronto-based company refused to say exactly how many jobs are being cut, but asserted the layoffs will impact less than 100 employees.

The Toronto-based company’s spokesperson Sarah Van Lange is refusing to say exactly how many jobs are being cut, but says the layoffs will impact less than 100 employees.

Lange says the cuts are part of a “small restructuring” happening at the entertainment giant.

She says the changes were prompted by a need to eliminate duplicate roles following several business acquisitions and a plan to roll out a diversification strategy.

The layoffs come as the company aims to reduce its expenses by about $25 million annually.

Also read: Bausch Health looks to make first acquisition in more than three years

Source: thestar.com

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