Technicolor to cut 600 jobs

Note: This section contains information in English only.
Source: Marketwatch

Technicolor plans to cut about 600 jobs with charges amounting €100 million. The measure signals on the weak demand for Digital Delivery services that is expected to report about €39 million loss before taxes, interest, depreciation and amortization. The company announced it accelerated its cost-reduction strategy due to bleak macroeconomic outlook in Europe.

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