The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59 - Motion picture, video and television programme production, sound recording and music publishing activities
600 - 950 jobs Number of planned job losses
Announcement Date
19 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2012
Description
On 19 December 2011, the French creative content company Technicolor (Thomson) announced 600 job cuts worldwide in the framework of a cost reduction action plan. In addition, 350 workers at the company's last production plant in France (near Angers) are under threat as Technicolor has lost an important contract with France Television. The group is seeking potential partners for this plant to compensate for the drop in European orders.
Technicolor also expects to cease its photochemical film release print manufacturing operations in Rome, Madrid and London. Technicolor has already cut 625 jobs in 2010, including 327 in France.
Sources
21 December 2011: L'usine Nouvelle
20 December 2011: Les Echos
Citation
Eurofound (2011), Technicolor, Internal restructuring in World, factsheet number 72956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72956.
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