VOICED : El Cirque du Soleil pide protección judicial para reestructurarse en Canadá

The Canadian entertainment company announced its intention to seek judicial protection in Quebec and the US due to financial struggles exacerbated by the COVID-19 pandemic. An agreement with current shareholders, including US, Canadian, and Chinese investment funds, aims to auction the company. The Quebec government and other investors are interested in acquiring parts of the company for $300 million. Despite layoffs, the company plans to rehire employees and continue its animal-free circus shows when conditions improve.

What legal action did SICTUS OLEIL take to manage its financial difficulties?

• Merged with another company

• Increased ticket prices

• Filed for bankruptcy protection in Quebec

• Launched a new show

Which group of investors reached an agreement with SICTUS OLEIL?

• European banks

• Current shareholders

• Local businesses

• Government agencies

How many employees did SICTUS OLEIL lay off due to the pandemic?

• 3,480

• 2,500

• 1,000

• 5,000

Which government showed interest in acquiring part of SICTUS OLEIL?

• Ontario

• United States

• Quebec

• British Columbia

What is SICTUS OLEIL's plan regarding its employees once conditions improve?

• Outsource jobs

• Permanently close operations

• Reduce salaries

• Rehire employees