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© pelfophoto dreamstime.com Electronics Production | October 09, 2012

No buyer found, Technicolor Angers to enter liquidation

Eolane has failed to save Technicolor's factory in Angers, as a judicial administrator has now asked that the company enter liquidation.
The factory, which employs 350 people, was declared bankrupt at the Commercial Court of Nanterre, despite Eolane's attempt to draft a plan to save the plant. The company was put in receivership last June.

According to local media reports, Eolane released a statement expressing disappointment in the decision. The company had been working on a proposal to save 80 jobs at the site and had asked for an extension from the court, from October 1 to October 5, to submit its plan. No plan eventuated according to the court and the judicial administrator therefore asked that the plant be liquidated.

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