Technicolor Cutting More than 1,000 Jobs

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Technicolor Inc. said Thursday that it is eliminating 630 jobs from its Ventura County DVD plant and is closing the doors at its 440-employee Technicolor-Universal Media Services facility in Pinckneyville, Ill.


The Camarillo-based company said it laid off 120 workers Wednesday at its Camarillo facility while another 510 positions there will be phased out over the next six to seven months ultimately moving to Guadalajara, Mexico.


There will still be about 500 employees at the Camarillo site, the company said. At its peak, the plant employed nearly 2,000 workers and these cuts add to the 300 jobs that were eliminated at the plant last summer.


Doors were also locked Wednesday morning at the company’s 440-employee Technicolor-Universal Media Services facility in Pinckneyville, Ill., which was the largest employer in the rural Illinois county.


“Manufacturing will be centralized in our existing location in Guadalajara, Mexico. Employment at the Pinckneyville plant will continue for 60 days, and the whole process will be completed by the end of March,” company spokesman Tom Bracken said.


The company also cut another 70 positions in its Memphis facility, Bracken said.


The cuts were necessary due to pressure from movie studios to lower DVD production costs, Bracken added. Studios have been demanding that Technicolor lower its prices so retail DVD prices can be reduced, he said.


“Our customers, like Disney and Universal, want lower prices from us,” he said. “The only way we can do that is to reduce our costs, reduce head count and centralize our operations in our low-cost manufacturing facility in Mexico.”

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