Montreal - The world-renowned Cirque du Soleil circus troupe is laying off 400 people - most of them at its Montreal headquarters.
A company spokesperson announced the layoffs on Wednesday after Cirque executives met with employees in Montreal.
Increased production costs and expenses are being blamed for the layoffs, which will begin by the end of the month.
The Cirque employs about 5 000 people worldwide, including 2 000 in Montreal.
It still has 19 productions being presented worldwide and is currently working on a new show that will open in May in Las Vegas.
Another touring production that will open in the spring of 2014 in Montreal is also in the works.
But four shows besides the 19 that are still on stage have closed recently.
24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.
Prince William has talked of 'dark moments' in his job as an air ambulance pilot. Read More »
Kensington Palace announced that Prince William and his wife Kate will bring their two young children on their official visit to Canada. Read More »
South AfricaCity Press
Cape TownCity Press
HousesR 2 300 000
Apartments / FlatsR 29 500 000
HousesR 3 400 000