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Monday, February 14, 2011

Techincolor LA downsizing

Technicolor is shutting down its Hollywood facility, putting 360 people out on the street. This is due in part to their loosing a contract to Deluxe for handling Universal's work. They are opening a new facility, but only hiring back about 100 people when it opens. LA Times article . Part of the reduction is also due to falling demand in film processing. There simply isn't any other work around to make up for the loss with Universal. Many of us may be saying good riddance to that last century medium called film, but its also taking away some needed jobs as well. Hopefully every one finds something new.