Luminar, Britain’s biggest nightclub company, is to cut around 40 head office positions as part of a cost reduction exercise, M&C Report understands.
The group, which runs about 90 large-scale venues, is thought to have entered into a consultation period with those employees affected.
The operator of the Oceana, Liquid and Lava brands is thought to employ about 150 people at its head office plus a further 3,100 within its club operations. It has an annual wage bill of about £35m.
M&C understands that as part of a review of its operations and structure it is working with one of the big professional services firms.
It recently announced the retirement of Steve Thomas, founder and chief executive. He is to be replaced by Simon Douglas, the former chief executive of Zavvi, the high street music retailer.
