Technicolor Says “Majority Of 440 Employees In The UK Have Been Made Redundant” As Company Faces Global Implosion
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deadline.comThe news many in the film sector feared over the weekend is coming to pass as Technicolor has made the majority of its UK workforce redundant and the majority of its activities have ceased.
The update, which you can read below, has been spelled out just now by administrators Interpath. This update only refers to the UK but the VFX giant is also battling for survival in its other major markets.
The picture looks bleak in the U.S. and in France the company is entering receivership. It also has outposts in India and Canada.
It’s not yet clear how current projects on the company’s slate will be impacted but the meltdown has come quickly and shockingly to many.
Read more on deadline.com
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