• Cirque du Soleil Cuts 400 jobs


    MONTREAL, Jan 16, 2013 (AFP) – Cirque du Soleil announced Wednesday up to 400 layoffs — nine percent of its workforce — citing rising production costs for cutting deeply into profits, despite record ticket sales and revenue.

    “The Cirque is not facing a crisis. Things are actually going well,” Renee-Claude Menard, public relations director for the Canadian entertainment firm, told a press conference.

    She said the flashy, musically-driven and modern circus show had sold 14 million tickets last year and revenues topped one billion dollars.

    But the company’s rapid growth, and several “exterior factors” including a stubbornly high Canadian dollar, have taken their toll, she said. Half of Cirque’s staff are based in Montreal and paid in Canadian dollars while 90 percent of its revenues are earned abroad.

    Several shows were cancelled last year. Nineteen are still in production in Las Vegas and elsewhere.

    1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)


    Loading ... Loading …

    Comments are closed

     
  • Make Music is quickly approaching once again and we are treated to another line up of great up and coming musical acts. The festivities take place this Saturday in Pasadena, June 7, from 11 a.m. to 11 p.m. and is geared for people of all ages. Those in...
    Happy New Year! Rose Parade Float Trophy Winners...
    The San Marino 9-10 Softball All-Stars completed a magical run and finished 2nd in all of Southern California Little League. The local girls represented San Marino and all of District 17 – including Pasadena Southwest Little League and Pasadena America...
    Fifteen years ago, a handful of curious citizens assembled in front of The Tribune and watched as then-Los Angeles County Sheriff Lee and still-San Marino resident Lee Baca started the city’s inaugural 5K walk and run....
    Local fine artist Sam Nicholson is donating 25 percent of any of his paintings purchased by supporters of the Pasadena-headquartered non-profit Hillsides....
     
     
     
    Directory powered by Business Directory Plugin