Technicolor Creative Group, owner of The Mill and MPC, is on the verge of closing according to numerous reports over the weekend.
A full closure of the group and all of its international entities across the UK, the US, Canada and India would affect around 10,000 employees.
A letter sent to The Mill’s U.S. employees on Friday was obtained by Reel 360 News. The letter is part of a WARN notice (Worker Adjustment and Retraining Notification) required in the US. The letter, (see below) says that the company may have to cease operations as of today, 24thFebruary.
“Dear Employees,
As we have communicated over the past months, Technicolor has been facing severe financial challenges. Despite exhaustive efforts—including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities—we have been unable to secure a viable path forward. Unfortunately, this leaves us with no alternative but acknowledging that the Company may be forced to foreclose.
In line with applicable state and federal legislation, please find attached a WARN Notice. If no viable solution is identified by the end of today, Friday, February 21, 2025, we will be required to cease our U.S. operations as early as Monday, February 24, 2025.
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.
We understand that this news is difficult, and we will provide further updates as soon as we have more information.
Thank you for your patience and support during this challenging time.”
Staff Reporter
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