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Wednesday, Jun 7, 2023

Technicolor Cuts 630 Local Jobs

DVD maker Technicolor Inc. plans to cut 630 jobs at its Camarillo plant by this summer. The company laid off 120 workers Wednesday and an additional 510 positions will be cut through July, the company said. The company also cut positions at its facilities in Memphis and southern Illinois. Operations will be moved to Mexico. The company said the cuts were the result of increasing pressure from movie studios demanding DVDs cost less. Technicolor cut about 300 positions at the Camarillo plant in July.

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