The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.1 - Research and experimental development on natural sciences and engineering
110 jobs Number of planned job losses
Announcement Date
4 July 2020
Employment effect (start)
1 July 2020
Foreseen end date
31 December 2020
Description
Technicolor's R&D division, located at the Rennes site (Ille-et-Villaine), which is specialised in the manufacture of digital decoders, will cut 110 positions out of 283 by the end of 2020. The information comes from the inter-union and the elected members of the Social and Economic Committee (CSE) and has been confirmed by management. The management explains these cuts in the workforce are due to 'structural changes in the market for the design and supply of digital decoders, with the decline in the use of traditional television and the emergence of new uses for video consumption with streaming and VOD replacing the use of traditional decoders'.
Eurofound (2020), Technicolor Connected Home Rennes, Internal restructuring in France, factsheet number 101433, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101433.
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