Cinemark, the third-largest movie chain in the United States, has laid off 17,500 hourly workers, furloughed about half of its corporate employees and cut the salaries of remaining employees as it tries to preserve liquidity during the coronavirus pandemic.
Major Movie Chain to Use Real Estate Interests to Boost Liquidity During Pandemic
Cinemark to Raise $250 Million Through Debt, Lays Off Bulk of Workforce
CoStar News
April 14, 2020 | 9:46 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Cinemark
3900 Dallas Pky, Plano, TX