The Manchester Evening News reports that plans to close down 10% of its retail capacities, or nine of its 91 clubs in the United Kingdom.
The property that is being closed in Manchesteris Belle Vue. The company explained that COVID-19 lockdowns had suppressed some business and that the group operations could not continue unless appropriate measures are taken.
No Bingo as Jobs at Rise Due to Increasing Costs & Declining Revenue
Buzz Bingo’s decision was also influenced by rising energy costs and other costs. The closure could have an impact on up to 151 people. Buzz Bingo stated that it will support employees who are affected even if the properties are closed. However, there is no set date.
The company noted that the problem could also be attributed to changing consumer habits. People are less confident because they worry about the future and the cost of living.
Buzz Bingo says that closing down nine properties is not an ideal outcome. It’s an option to make sure that the remaining employees of around 2,300 are taken care of and have access to work. Dominic Mansour is Buzz Bingo’s chief executives. He stated that similar problems are felt throughout the leisure industry.
He acknowledged that there has been a slight rebound, but he also pointed out that pre-pandemic numbers weren’t matched. This was due to the knock-on effect of the increase in basic goods costs.
Consumers have not been treated well by inflation, and this can be seen in Buzz Bingo’s fleet. Buzz Bingo has had to reduce its operations before. The company made the announcement in 2020 as the pandemic was beginning to kick in that 26 of its bingo halls would be closing permanently. This put 573 jobs at stake.
Although the company tried its best to avoid such an outcome, it has been forced by circumstances on more than one occasion.