Cineworld has announced that the Forge shopping centre venue is to shut as part of the companies restructuring plans. The news comes as it was previously reported that as many as 25 branches could be under threat.
Glasgow's Parkhead Cineworld is to close as the struggling entertainment giant prepares to axe hundreds of roles across the UK.
The company will reportedly axe more than a hundred roles, however, the the number of job losses remains uncertain with the company entering into a consultation process which will see some workers deployed to other locations. Cineworld's restructuring plan will now go before the court, and if approved, the process is set to go into effect in September. Part of the plans include negotiating reduced rental costs with landlords in the UK.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Proposals to bring Merchant City 'back to life' with student flats submitted to councilDominus Glasgow Ltd has submitted two applications for the site since 2020 to Glasgow City Council
Read more »
'Sorely missed': Tributes to local legend 'Mr Parkhead'A community mourns a Glasgow 'legend' who dedicated his life to improving the East End.
Read more »
Tribute paid to Parkhead Housing Association founder and community stalwartDetermined to improve living standards in the city's east end, John Ferguson MBE played a key role in establishing Parkhead Housing Association back in July 1977.
Read more »
Cineworld 'to close 25 sites and cut jobs' in major restructureCineworld is reportedly set to announce details of a major restructuring plan tomorrow
Read more »
Cineworld to 'close 25 sites and axe hundreds of jobs'The move is said to be part of a major restructuring plan
Read more »
Cineworld to close 25 sites and cut jobs in major restructuring planThe cinema chain has an outlet at Odyssey complex in Belfast
Read more »