Helios cinemas in a difficult situation
Helios management has announced its intention to lay off 20 percent of its workforce before the end of this year.
Helios wants to carry out group layoffs between November 22 and December 21. Eighty people will lose their jobs. The reason for the decision is the company’s deteriorating economic and financial situation. There are fewer and fewer viewers in cinemas, and energy costs, minimum wage, the Euro exchange rate and other operating costs are rising. Helios has also begun repaying loans it took out during the pandemic. The cost of servicing them is now doubled.
Source: https://www.bankier.pl/wiadomosc/Helios-zamierza-zwolnic-do-21-XII-do-80-pracownikow-8438892.html