Mooky Greidinger, CEO of the Cineworld multiplex group, has written to U.K. Prime Minister Boris Johnson, asking him to reinstate the government furlough scheme, he revealed in a letter to employees on Wednesday.
The furlough scheme helped the company pay employees when cinemas were forced to close due to the spread of the coronavirus pandemic.
On Monday, the group announced that U.K. and U.S. operations would be temporarily suspended from Friday. The furlough scheme ends in October and from November it will be replaced by a Jobs Support Scheme where employees are required to work at least a third of their former hours. However, with all Cineworld and Picturehouse cinemas shuttering, employees are still left in the dark about their financial future in the run up to Christmas.
“I am sorry to say that the new Government Scheme simply does not fit our business at this time and does not
The parliamentary factions will have to agree on a new candidate to take over negotiations.
Lebanon is reeling from an ongoing economic collapse that was made worse by a disastrous port explosion in August. The blast, caused by improperly stored ammonium nitrate, killed nearly 200 people and brought about the collapse of the previous government.
But efforts by the relatively unknown Adib to broker an agreement over the distribution of the ministerial portfolio stalled amid factional fighting. Among the sticking points, the country’s leading Shiite Muslim groups, Amal and the armed militant group Hezbollah insisted on controlling the Finance Ministry.
Adib, who had tried to persuade political leaders to rally around a slate of independent experts to tackle the country’s economic crisis, said he was unable to broker the impasse.
“I present my honest apologies to the Lebanese people, who have suffered and are suffering,” Adib said.
Adib, a Sunni
Lebanon’s prime minister-designate resigned Saturday amid a political impasse over government formation, nearly a month after he was appointed to the job.
The announcement by Moustapha Adib deals a blow to French President Emmanuel Macron’s efforts to break a dangerous stalemate in the crisis-hit country.
The French leader has been pressing Lebanese politicians to form a cabinet made up of independent specialists that can work on enacting urgent reforms to extract Lebanon from a devastating economic and financial crisis worsened by the Aug. 4 explosion at the Beirut port.
But efforts by the French-supported Adib have hit multiple snags, after the country’s main Shia groups, Hezbollah and Amal, insisted on retaining hold of the key finance ministry. Their insistence emerged after the U.S. administration slapped sanctions on two senior politicians close to Hezbollah, including the ex-finance minister.
The two groups also insisted on naming the Shia ministers in the new
Is a government foreclosure bailout a good suggestion? Nonetheless, the FED is a personal overseas bank and the US dollar shouldn’t be United States cash, despite the fact that it says “Federal Reserve Observe” on each dollar printed. I mean things are really going downhill economically and dependable american tax payers are getting annoyed.
The problem is that a celebration loss is a congressional loss, and that loss is dangerous for the folks and the country, regardless of which occasion lost the game. Italy didn’t particularly label their government mannequin as fascist, in Italy it was often called ” corporatism “. Americans have been taught that the consequences of fascism, is fascism.
American companies and their greed were the beginning of the downfall of our economy, with the nod of approval from our Government. So lots of our rights are being stripped away from us one regulation at a time, … Read More