Bankruptcy fears for Cineworld cinemas

Cineworld is preparing to file for bankruptcy after struggling to rebuild attendance following the COVID pandemic according to reports.

Around 28,000 people are employed by Cineworld across 10 countries, with the report casting doubts for the future of workers at its 127 UK cinemas.

The UK-based cinema group operates in 10 countries.

Philippa Childs, head of entertainment and media union Bectu, said: “This is very worrying news, not least for the UK’s Cineworld and Picturehouse workforce who have already been through a tumultuous time during the pandemic.

“The UK’s cinema industry suffered an incredible blow due to COVID-19 and this latest news will be very unsettling for cinema workers.

“We will do everything we can to support our members during this challenging time and will be looking to Cineworld to mitigate the impact of any bankruptcy arrangements on its employees.”