Cirque du Soleil to cut 400 jobsJanuary 17, 2013 - 21:29 AMT PanARMENIAN.Net - Cirque du Soleil has confirmed it will cut around 400 jobs this year as part of a restructuring to make the company as “profitable as possible,” The Stage reported. Following a press conference in Montreal – where its headquarters are based – a spokesman for the company told The Stage that the job losses, which will account for around 7% of its workforce, were due to the organisation “adjusting” to changes in the “worldwide economic situation”. Cirque du Soleil announced last year that it would be closing Iris, its permanent show in Los Angeles, due to poor ticket sales. In 2011 it also closed Zed, its permanent production in Tokyo, citing the economic impact from the earthquake and tsunami earlier that year. The spokesman said Cirque do Soleil was adjusting to this, plus the closure of its touring show Saltimbanco in 2012, which ran for more than 20 years. The job losses will come into effect later this year but the spokesman could not confirm how many performers or technical staff that would include. Cirque du Soleil employs around 6,000 people worldwide, with more than 150 of those performing or working backstage in the touring show Kooza, which is running in London until February. Its permanent London-based office employs six members of staff. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |