Cinema group Ster-Kinekor says it will no longer be shutting down the 9 cinemas across the country as initially planned.
This follows its restructuring process, the company says it managed to cut fewer jobs and has plans to broaden its product offering to attract new audiences.
The entertainment company previously anticipated retrenching over 220 workers and closing 9 cinemas. However, less than 60 jobs were cut and only two cinemas were closed.
The company says the softer blow to the business is thanks to successful talks with landlords and distributors about restructuring operations as well as some cost-cutting measures implemented.
YOUR THOUGHTS?
Follow @orgellaent on social media for more updates
Image: My broadband
Please follow and like us:
Add a Comment