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Theatre bosses call in liquidator | Theatre bosses call in liquidator |
(11 minutes later) | |
Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close. | Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close. |
The theatre is bringing the curtain down at the end of October but at a meeting, the management board has decided to call in the liquidators. | |
In a statement, the board said this would delay redundancy pay to staff. | In a statement, the board said this would delay redundancy pay to staff. |
Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister. | Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister. |
In a statement, the board said it had met on Wednesday evening. | In a statement, the board said it had met on Wednesday evening. |
It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties. | It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties. |
"The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date." | "The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date." |