Canadian exhibition giant Cineplex on Monday said part-time employees will be temporarily laid off and full-time employees will take steep pay cuts to keep their jobs after nearly 1700 screens nationwide were shuttered amid the coronavirus pandemic.
The circuit, which operates 165 cinemas with 1,695 screens nationwide and has around 13,000 employees, also said its top executives will take around an 80 percent cut in their annual base salary.
The moves follow Cineplex on March 16 shutting down all of its locations, initially until April 2, amid the COVID-19 outbreak for social distancing. "From the onset of the COVID-19 pandemic, our primary focus has been the health and safety of our employees and guests.
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