Cineworld 'will close around 25 UK cinemas and axe hundreds of jobs' (2024)

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Cineworld 'will close around 25 UK cinemas and axe hundreds of jobs'? ›

Cineworld is set to close around 25 UK cinemas and axe hundreds of jobs under a new plan to save the business. 6 Cineworld sites already confirmed as closing.

In a statement, the company said it aimed to return to profitability and “ensure a sustainable long-term future for Cineworld in the UK”. It was reported this month that the chain was considering closing 25 of its 100 cinemas as a result of its struggles with debt and the lasting impact of the Covid pandemic.

Employees rate Cineworld Cinemas 3.4 out of 5 stars based on 1,066 anonymous reviews on Glassdoor.

Cineworld Cinemas operate a digital circuit of over 100 Multiplex cinemas and a growing Starbucks estate within 7 regions, across the UK and Ireland.

"Each are beloved cinemas but increasing operational costs and declining admissions at these venues have left us with no other choice," Picturehouse said in a statement outlining their reasons behind the recent closures.

Following an application to the FCA (Financial Conduct Authority), the shares will be suspended shortly after the board's decision to appoint administrators, which is currently expected to take place in July 2023.

Cineworld currently operates in the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel and the US.

How much does Cineworld - Management in the United Kingdom pay? The average Cineworld salary ranges from approximately £22,338 per year for Team Leader to £39,146 per year for General Manager. Average Cineworld hourly pay ranges from approximately £9.37 per hour for Shift Manager to £10.91 per hour for Supervisor.

How much do you get paid at Cineworld UK? ›

Average Cineworld hourly pay ranges from approximately £7.20 per hour for Cleaner to £10.91 per hour for Supervisor. Salary information comes from 248 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.

Cineworld was founded in 1995 and is now one of the leading cinema groups in Europe. Cineworld's acquisition of Regal Entertainment Group has created the second largest cinema business in the world (by number of screens).

Odeon. Founded in 1930, Odeon is the largest cinema chain in the UK and Ireland in terms of cinemas. Perry Barr, Birmingham was the first Odeon cinema to open its doors, establishing the brand as not only somewhere to watch films, but also somewhere to experience them too.

Last year, Sky News revealed that Vue had assembled backing for a takeover of Cineworld, but was frozen out of a process that was eventually abandoned.

After a long period of low theater attendance, in 2023 the cinemas saw the return of grand audiences, with films such as “Barbie” and “Oppenheimer.” Undoubtedly, these releases exemplified that theaters can be one of the most unifying places in the world where many can find themselves alongside people they may have ...

In most cases, movie theaters are no longer using the traditional film format for showing movies. Since the early 2000s, digital projectors have been the industry standard around the world. As movie projection technology advances, older methods such as film slowly become more and more obsolete.