Cineplex laying off fewer than 100 workers as part of cost cutting plan

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 fewer 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.

SOURCE: CBC.ca

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