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Technicolor Announces The Mill Shutdown In Employee Memo — Report
Citing "severe financial challenges" on Friday, Technicolor announced it is shutting down The Mill, MPC Advertising and Mikros Animation.
TechnicolorTechnicolor Citing “severe financial challenges” in a WARN (Worker Adjustment and Retraining Notification) Act notice to employees on Friday, the VFX company announced that operations would cease as early as Monday, effecting their staff in New York, Los Angeles and Chicago. Despite exhaustive efforts—including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities—we have been unable to secure a viable path forward. If you reside in one of the following states: CA, CO, MA, UT, CT, OR, NV, please review and complete the attached direct deposit authorization form and return it to hrops.us@technicolor.com ASAP if you agree to receive your final paycheck through direct deposit.
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