04 September, 2012

The Angers representatives plead for Technicolor, and the region, through ads in French national medias

The Angers repre-sentatives have choosen to launch a solemn appeal to Technicolor management through an ad published on September 4th in Le Monde and Les Echos, two days before the judgment of the Nanterre Tribunal of commerce regarding the continuation or the closure of the local factory. The signatories of the appeal "insult" (the word is used as it is on the website of Angers Loire Métropole) the Technicolor management because the disappearance of Technicolor in Angers would be a serious negative signal for all the electronic sector of the city.

The authors of the ad list all the assets Technicolor may find in the region : "400 companies, 25 000 employees, research et development centers, university campus, a qualified workforce, a culture and an excellence never denied". Apparently, the signatories do not mention the main handicap of the production in France : the labour cost, higher in France than in many countries Angers must compete with.

Two takeover offers, one from Eolane, a local group, have been received. But in order to be implemented, they need that the Technicolor factory still runs during six months. And Technicolor can't fulfill that condition... In case of a judgment deciding the closure, a leaf in the Angers economic history would be turned over. A

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