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Cineworld closes all 128 cinemas in the UK and Ireland after the industry becomes "unprofitable".


Cineworld could close all 128 cinemas in the UK and Ireland, putting thousands of jobs at risk, according to reports.

The cinema chain could announce the decision that 5,500 jobs would be at risk tomorrow, reports the Sunday Times.

The heads of Cineworld Group PLC, the world's second largest cinema chain, are reportedly preparing to write to Prime Minister Boris Johnson and Culture Minister Oliver Dowden that the industry has become "unprofitable".

Cineworld bosses have blamed film studios' decision to postpone large budget films after the coronavirus pandemic, the newspaper reports.

Yesterday, the release of the new James Bond movie No Time to Die was postponed until April 2021, just weeks before its release – after its release was originally postponed earlier this year due to coronavirus.

Cineworld could close all 128 cinemas in the UK and Ireland, putting thousands of jobs at risk, according to reports

On Friday, the release of the highly anticipated sequel to Fast and Furious F9 was also delayed again.

It will now be released on Memorial Day weekend on May 28, 2021, Universal announced.

Fast & Furious sequel F9 is postponed again to May 2021

The Fast And The Furious series won't see the checkered flag anytime soon.

The release of the highly anticipated sequel F9 has been delayed again as it is now due to be released on May 28, 2021 on Memorial Day weekend that Universal announced on Friday.

Back in March it was reported that the film was postponed to April 3, 2021, according to The Hollywood Reporter.

However, the final change was made hours after the November-April 2, 2021 delay in the November-April 2, 2021 release of the James Bond movie No Time to Die.

Universal distributes the film internationally.

The films Fast and Furious are always big earners at the national and international box office, and the lack of F9 will have a significant impact on the 2020 box office. The last two films made over $ 1 billion.

The full trailer had been revealed just a month earlier.

The clip showed Vin Diesel's character Dominic Toretto again facing his brother Jakob, played by John Cena, with epic car chases and fights across London – and appearances by Charlize Theron and Helen Mirren.

MailOnline has asked Cineworld Group PLC for a comment.

In the meantime, Phil Clapp, managing director of the UK Cinema Association, described the reported closure of the Cineworld cinemas as a "heavy blow".

He told the Sunday Times: "The announcement is likely the worst blow to UK cinema operators of a series of similar announcements in the past few weeks and will undoubtedly result in a significant number of cinemas being closed again."

The UK cinema industry suffered a slump in profits when the country stalled in March following the coronavirus outbreak.

Cineworld was due to reopen on July 10th after the government eased lockdown measures and allowed cinemas to reopen from July 4th.

However, the reopening of its cinemas in the UK was delayed by more than two weeks until July 31st, which coincided with "recent adjustments to the schedule for upcoming film releases".

Social distancing measures have also been introduced, including one-way systems, Plexiglas screens for employees, mandatory contactless payments, and no more pick-and-mix.

Despite reopening, Cineworld expressed doubts about its ability to weather a second lockdown as it posted a £ 1.3 billion loss in the first half of the year due to the Covid-19 crisis.

The pre-tax loss of the cinema chain for the six months to June contrasted with a profit of £ 110 million a year earlier.

The problems were exacerbated by a lack of large blockbusters during the summer.

Christopher Nolan's spy thriller Tenent will be one of the highlights.

However, industry experts were reportedly "startled" by the film's lackluster performance on the big screen, causing other major studios to postpone their main releases.

This includes the latest from the James Bond series "No Time To Die", which was due to debut in theaters on November 11th.

But it will now be delayed "so that it can be seen by a global theater audience," the film's producers Michael G. Wilson and Barbara Broccoli announced this week.

A statement on Twitter said: & # 39; MGM, Universal and Bond producers Michael G. Wilson and Barbara Broccoli today announced the release of NO TIME TO DIE, the 25th film in the James Bond Series, postponed until April 2, 2021, will be seen by a global theater audience.

The latest film in the James Bond series "No Time To Die", which was due to hit theaters on November 11th, has now been postponed to April 2021

The latest film in the James Bond series "No Time To Die", which was due to hit theaters on November 11th, has now been postponed to April 2021

"We understand the delay will be disappointing for our fans, but we are now looking forward to NOT SHARING NO TIME TO DIE next year."

The 25th film in the franchise finds Bond after retiring from active service and enjoying a quiet life in Jamaica when his old friend Felix Leiter, played by Jeffrey Wright, shows up from the CIA for help.

Leaving his seemingly happy life with Madeleine, played by actress Lea Seydoux, Bond returns to the field to face Safin, who is armed with a new dangerous technology that could affect the world.

The film, directed by Cary Joji Fukunaga, was originally due to be released in April 2020 but has been postponed to November in light of the coronavirus pandemic.

No Time To Die, which also stars Rami Malek as the villain Safin and Ana de Armas as CIA agent Paloma, will bring a satisfactory ending to Daniel Craig & # 39; s Bond, according to producer Barbara Broccoli.

On the first episode of the James Bond Official Podcast, Ms. Broccoli said, “It's a culmination of everything his portrayal of the character has been through, and it ties all of the storylines together. It's a pretty epic movie I have to say. & # 39;

Fears Greggs' future as he warns of a nearly 30% drop in sales

Greggs has warned his outlook is uncertain due to mounting coronavirus restrictions on customers after sales plummeted 30 percent since reopening in July.

The high street bakery chain said it was in talks with employees about cutting working hours "to minimize the risk of job losses" when the vacation program ends next month.

Food-to-go specialist Greggs said he had a "challenging month" in August as the closure of seating areas meant he could not benefit from Eat Out to Help Out.

High temperatures also made August a "difficult month" for trading, but September saw more people eating outside their homes which, in his opinion, led to improvements.

It does so as part of a Main Street bloodbath that has cut 192,831 jobs from major UK employers since the lockdown began in March.

Since reopening on July 2, the Newcastle-based company's 2019 like-for-like sales for the 12-week period ended September 26th were 71.2 percent of its level.

In the past month, which covered the four weeks ending September 26, like-for-like sales were 76.1 percent, on par with the same period last year as trade improved.

The company said it had reviewed its trading activities to ensure employment costs reflect estimated levels of demand as of November.

British actor Craig, 52, who first appeared as Bond at Casino Royale in 2006, has already spoken about leaving the franchise after the next episode.

However, in March this year, a film source said, “I don't think Daniel is through with James Bond despite his previous claims.

& # 39; He was in the same position after Specter came out where he said publicly and loudly that he was done and over time he just wasn't.

"There's something itchy about this part, and he's not ready to see how it goes to another actor."

Reports of plans to close Cineworld come amid a carnage of jobs on Main Street. Since the lockdown began in March, major UK employers have shed 193,731 jobs.

Earlier this week, TSB announced that it would cut around 900 jobs as part of its plans to close 164 of its bank branches.

The Edinburgh-based bank expects most of the layoffs to be voluntary but does not rule out the possibility of employees being laid off.

The bank, part of Spanish company Sabadell, said the cuts were part of its three-year cost-cutting strategy in order to stay competitive.

The company had previously announced that it would reduce the size of its branch network but has accelerated plans in the wake of the pandemic.

The bank is the latest big name to announce the loss of jobs since the lockdown began.

Large retail chains like Boots, WH Smith and Marks and Spencer have already announced job cuts.

Midday chain Pret a Manger announced plans to cut 2,800 jobs earlier this year, while coffee giant Costa announced plans to cut 1,650 jobs.

Meanwhile, Greggs has warned his outlook is uncertain due to mounting coronavirus restrictions on customers after sales plummeted 30 percent since reopening in July.

The high street bakery chain said it was in talks with employees about cutting working hours to minimize the risk of job losses when the vacation program ends next month.

Food-to-go specialist Greggs said he had a "challenging month" in August as the closure of seating areas meant he was unable to benefit from Eat Out to Help Out.

High temperatures also made August a "difficult month" for trading, but September saw more people eating outside their homes which, in his opinion, led to improvements.

It does so as part of a Main Street bloodbath that has cut 192,831 jobs from major UK employers since the lockdown began in March.

Since reopening on July 2, the Newcastle-based company's 2019 like-for-like sales for the 12-week period ended September 26th were 71.2 percent of its sales.

In the past month, which covered the four weeks ending September 26, like-for-like sales were 76.1 percent, on par with the same period last year as trade improved.

The company said it had reviewed its trading activities to ensure employment costs reflect estimated levels of demand as of November.

Almost 200,000 job losses have been recorded by UK companies since the lockdown began

Since the lockdown began in March, major UK employers have cut 193,731 jobs as follows:

  • September 22nd – Wetherspoon – 400 to 450
  • September 22 – Whitbread – 6,000
  • September 18 – Investec – 210
  • September 15 – Waitrose – 124
  • September 14 – London City Airport – 239
  • September 9 – Lloyds Bank – 865
  • September 9 – Pizza Hut – 450
  • September 4 – Virgin Atlantic – 1,150
  • September 3 – Costa – 1.650
  • August 27 – Pret a Manger – 2,800 (including 1,000 announced on July 6)
  • Aug 26 – Gatwick Airport – 600
  • August 25 – Cooperative Bank – 350
  • August 20 – Alexander Dennis – 650
  • August 18 – Bombardier – 95
  • Aug 18 – Marks & Spencer – 7,000
  • August 14th – Yo! Sushi – 250
  • August 14 – River Island – 350
  • August 12 – NatWest – 550
  • August 11th – InterContinental Hotels – 650 worldwide
  • August 11 – Debenhams – 2,500
  • August 7 – evening standard – 115
  • August 6 – Travelex – 1,300
  • August 6 – Wetherspoons – 110 to 130
  • August 5 – M & Co – 380
  • 5 August – Arsenal FC – 55
  • August 5 – WH Smith – 1,500
  • August 4th – Dixons Carphone – 800
  • August 4 – Pizza Express – 1,100 at risk
  • August 3 – Hays Travel – up to 878
  • August 3 – DW Sports – 1,700 at risk
  • July 31 – Byron – 651
  • July 30th – Pendragon – 1,800
  • July 29 – Waterstones – unknown number of functions at headquarters
  • July 28 – Selfridges – 450
  • July 27 – Oak Furnitureland – 163 Endangered
  • July 23 – Dyson – 600 in the UK, 300 overseas
  • July 22 – Mears – less than 200
  • July 20 – Marks & Spencer – 950 Endangered
  • July 17 – Azzurri Group (owns Zizzi and Ask Italian) – up to 1,200
  • July 16 – Genting – 1,642 endangered
  • July 16 – Burberry – 150 in the UK, 350 overseas
  • July 15 – Banks Mining – 250 Endangered
  • July 15 – Buzz Bingo – 573 Endangered
  • July 14th – Vertu – 345 July 14th – DFS – up to 200 endangered
  • July 9 – General Electric – 369
  • July 9 – Eurostar – unknown number
  • July 9 – boots – 4,000
  • July 9 – John Lewis – 1,300 Endangered
  • July 9 – Burger King – 1,600 endangered
  • July 7 – Reach (owns Daily Mirror and Daily Express newspapers) – 550
  • July 6 – Pret a Manger – 1,000 endangered
  • July 2 – Casual Dining Group (owns Bella Italia and Cafe Rouge) – 1,909
  • July 1 – SSP (owns Upper Crust) – 5,000 at risk
  • July 1 – Arcadia (owns TopShop) – 500
  • July 1 – Harrods – 700
  • July 1 – Virgin Money – 300
  • June 30 – Airbus – 1.700
  • June 30 – TM Lewin – 600
  • June 30 – Smiths Group – "some job losses"
  • June 25 – Royal Mail – 2,000
  • June 24th – Jet2 – 102
  • June 24th – Swissport – 4,556
  • June 24 – Crest Nicholson – 130
  • June 23 – Schuhzone – unknown number of workstations in the headquarters
  • June 19 – Aer Lingus – 500
  • June 17 – HSBC – UK jobs unknown, 35,000 worldwide
  • June 15 – Jaguar Land Rover – 1,100
  • June 15 – Travis Perkins – 2,500
  • June 12th – Le Pain Quotidien – 200
  • June 11 – Heathrow – at least 500
  • June 11 – Bombardier – 600
  • June 11 – Johnson Matthey – 2,500
  • June 11 – Centrica – 5,000
  • June 10 – Quiz – 93
  • June 10 – The Restaurant Group (owns Frankie and Benny & # 39; s) – 3,000
  • June 10 – Monsoon Accessorise – 545
  • June 10 – Everest Windows – 188
  • June 8 – BP – 10,000 worldwide
  • June 8 – Mulberry – 375
  • June 5th – Victoria's Secret – 800 Endangered
  • June 5 – Bentley – 1,000
  • June 4th – Aston Martin – 500
  • June 4 – Lookers – 1,500
  • May 29 – Belfast International Airport – May 45
  • May 28 – Debenhams (in the second announcement) – "hundreds" of jobs
  • May 28 – EasyJet – 4,500 worldwide
  • May 26 – McLaren – 1,200
  • May 22 – Carluccios – 1,000
  • May 21 – Clarks – 900
  • May 20 – Rolls-Royce – 9,000
  • May 20 – Bovis Homes – unknown number
  • May 19 – Ovo Energy – 2,600
  • May 19 – antlers – 164
  • May 15 – JCB – 950 Endangered
  • May 13 – Tui – 8,000 worldwide
  • May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450
  • May 11 – P&O Ferries – 1,100 worldwide
  • May 5 – Virgin Atlantic – 3,150
  • May 1st – Ryanair – 3,000 worldwide
  • April 30 – Oasis Warehouse – 1,800
  • April 29 – WPP – unknown number
  • April 28 – British Airways – 12,000
  • April 23 – Saffron Seats – 400
  • April 23 – Meggitt – 1,800 worldwide
  • April 21 – Cath Kidston – 900
  • April 17 – Debenhams – 422
  • March 31 – Laura Ashley – 268
  • Mar 30 – BrightHouse – 2,400 Endangered
  • March 27 – Chiquito – 1,500 endangered

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