Location of affected unit(s):
France, Italy, UK, Spain..
Information / communication
Publishing, audiovisual and broadcasting activities
59 - Motion picture, video and television programme production, sound recording and music publishing activities
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
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.