'On Monday morning, 24 Hour Fitness filed for bankruptcy. The company also announced it would be closing over 130 locations across the US. A spokesperson declined to comment to Business Insider on how many jobs would be impacted by this. In a statement to the press, CEO Tony Ueber said that the company would not be filing for bankruptcy if it were not for coronavirus Business Insider said its troubles predated the pandemic. The company was lumbered with a heavy debt load and had seen membership rates decline in recent quarters. https://www.businessinsider.com/24-hour-fitness-files-for-bankruptcy-closes-over-130-gyms-2020-6 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com'
Tags: United States , Pandemic , finance , Moon , ECONOMY , 24 hour fitness , bankruptcy , articles , Hour fitness , Tony Ueber
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