Technicolor Moving to Mexico

Technicolor‘s Albemarle and Greene CD/DVD manufacturing facilities are being moved to Tennessee and Mexico. Technicolor (nee Nimbus Records) is one of the region’s largest employers, and it is speculated that their move will deal a serious economic blow to the Charlottesville area. Explains the company CAO, labor is simply cheaper in Guadalajara. Layoffs of the 750 employees will begin in January. In the Daily Progress, Olympia Meola has an overview, and David Dadurka has a story on the economic impact of the closing.

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