Regal-owner Cineworld plans to close six movie theaters, cut jobs and renegotiate rents as part of a court-directed restructuring of its UK circuit. “We are implementing a restructuring plan that will provide our company with a strong platform to return our business to profitability, attract further investment from the group, and ensure a sustainable...
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Regal-Owner Cineworld Unveils UK Restructuring With Job Cuts, Theatre Closures
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Category: Jobs
Cineworld to cut hundreds of jobs in restructuring – report
Cineworld will reportedly unveil a sweeping overhaul this week that will cost hundreds of jobs and reduce its British footprint by at least a quarter. According to Sky News, the cinema chain will publish details of a restructuring plan on Friday that will result in the closure of around 25 sites across the UK. City...
AI could enhance almost two-thirds of British jobs, claims Google
Almost two-thirds of British jobs could be “enhanced” with AI, Google has claimed, with only a tiny proportion at risk of being “phased out” entirely. Instead of worrying about job losses caused by AI, the focus needed to be on making sure the millions of Britons who could work in smarter and faster ways with...
Major UK cinema chain ‘to close around 25 UK branches and axe hundreds of jobs’
25 July 2024, 10:17 As many as 25 Cineworld sites could close. Picture: Alamy Cineworld is due to announce a major overhaul as part of a restructuring plane to shore up its finances, with 25 sites predicted to close. The cinema chain is due to release details of the restructuring later today. Sources told Sky...
Cineworld to axe hundreds of jobs in blockbuster restructuring plan
Cineworld will this week unveil a sweeping overhaul that will cost hundreds of jobs and reduce its British footprint by at least a quarter. Sky News has learnt that the cinema operator will publish details of a restructuring plan on Friday that will result in the closure of around 25 sites across the UK. City...
What is Great British Energy and what does it mean for me?
We will make Britain a clean energy superpower. The first step to achieving that is to set up Great British Energy. Great British Energy will be a company owned by the British people, to deliver power back to the British people. We believe people in this country should own and benefit from our natural resources,...
New Great British Energy partnership launched to turbocharge energy independence
Prime Minister and Energy Secretary announce first major partnership between Great British Energy and The Crown Estate to unleash billions of investment in clean power Great British Energy Bill to be introduced today to enable a company owned by the British people, delivering for the British people, backed by £8.3 billion of new catalysing investment over...
Cabinet secretary contenders: who’s in line for top job in UK civil service?
Simon Case is expected to step down as cabinet secretary early next year on medical advice, after taking time off for health reasons last year. The former royal aide, appointed by Boris Johnson to the top job in the civil service during the pandemic, has overseen Whitehall departments through the Partygate scandal as well as...
UK government to prevent MPs taking on lobbying jobs
MPs will be prevented from taking on second jobs that fail to meet a new test of putting constituents first, under government plans to “turn the page” on an era of sleaze and scandal. Despite growing anger over MPs doing lucrative outside work while also serving their constituents, the new Labour government will not ban...
Zero-hours contracts: Workers react to the ban
Getty Images The government says “exploitative zero-hours contracts” will be banned within 100 days Young people working in insecure jobs have been promised a “new deal” by the government. A law announced last week includes a ban on “exploitative” zero-hours contracts which allow employers to only pay staff when they need them. The Employment Rights...
Tempest fighter is ‘expensive but vital’ to UK defence – BAE boss
The chief executive of BAE Systems has told Sky News that, while the programme to build the UK’s planned sixth-generation fighter jet is expensive, it will be vital for the country’s future defence requirements and for creating tens of thousands of skilled jobs. Charles Woodburn was speaking on day one of the Farnborough Air Show...
UK banks face redundancies while ‘deadwood’ colleagues in Europe keep jobs
Bankers in Britain have lashed out at European labour laws which mean “deadwood” colleagues on the continent keep their jobs despite redundancy drives. Strict labour laws in Europe are said to have triggered a re-think among executives whose firms expanded there because of Brexit. An unnamed executive told the Daily Telegraph when redundancies occur it...