Technicolor factory in receivership

Technicolor’s set-top box facility in Angers in France has been placed in receivership, according to local reports.

According to financial daily Les Echos, the Nanterre commercial court has placed the facility in receivership for a six months observation period. Technicolor’s management announced that the factory was bankrupt last Friday. The Angers factory is Technicolor’s last production facility in Europe.

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