Cineplex says it will be cutting about 130 jobs in the U.S. and Canada, despite being in the ongoing process of reopening Canadian theatres. The year began with a proposed $2.8 billion takeover by British movie chain Cineworld, a deal that fell apart in acrimony last month. Cineplex has since reopened a few locations across Canada, but most of its theatres are still dark. "COVID-19 and termination of the Cineworld transaction have had a significant impact on our company," Van Lange said. Despite that, Cineplex says it is "still reviewing what's being proposed by the province," so the company won't be opening its doors in Ontario just yet.

Source: CBC News July 17, 2020 14:03 UTC