Cirque du Soleil Cuts 3,500 Jobs To Avoid Bankruptcy

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Cirque du Soleil Cuts 3,500 Jobs To Avoid Bankruptcy

Canadian entertainment firm Cirque du Soleil is to cut 3,500 jobs after striking a deal to avoid bankruptcy.

The group, best known for its flamboyant touring circuses, said the coronavirus pandemic had forced it to cancel shows and lay off its artists.

The company will now try to restructure while shedding about 95% of its staff.

“With zero revenue since the forced closure of all of our shows due to Covid-19, the management had to act decisively,” said boss Daniel Lamarre.

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The firm had to pause production of all of its shows, including six in Las Vegas, back in March.

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Along with its circuses, its also has musicals that tour the world including Michael Jackson One and The Beatles Love.

It said it intended to rehire “a substantial majority” of terminated employees, business conditions allowing, once coronavirus-related shutdowns were lifted and operations could resume.

Cirque’s application for bankruptcy protection will be heard on Tuesday by the Superior Court of Quebec.

On Tuesday, the Theatre Royal Plymouth said 100 jobs were at risk as a direct impact of the Covid-19 pandemic.

Artistic team member Lauren Walsh said she would be “starting back at square one” if made redundant.

Playwright Laura Horton said people who had to “fight their way” into the industry might “have to leave”.

Theatre chief executive Adrian Vinken said the theatre had lost 91% of its income in lockdown and job losses were “about buying time” to return to “self-sufficiency.”

Ms Walsh, from Plymouth, tweeted it took her a “really long time” to get her foot in the door.

“I’ll be starting back at square one, competing with hundreds of others who also lost jobs… some time soon I’ll have to accept that I need a new career,” she said.

Cirque du Soleil Cuts 3,500 Jobs To Avoid Bankruptcy

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