A man makes his way down an escalator during the Cineplex Entertainment company's annual general meeting in Toronto on Wednesday, May 17, 2017. Cineplex Inc. is laying off "a number of" full-time workers. The entertainment giant is refusing to say exactly how many employees are being cut, but says the move impacts less than 100 employees.THE CANADIAN PRESS/Nathan Denette
April 11, 2018 - 10:10 AM
TORONTO - Cineplex Inc. is laying off "a number of" full-time workers.
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.
News from © The Canadian Press, 2018