OLYPHANT (WBRE/WYOU) – Paris-based Technicolor announced Tuesday another round of layoffs at its facility in Olyphant, layoffs which could affect 160 employees.
The Lackawanna County facility was once the largest employer in the county, with nearly 5,000 employees.
Eyewitness News has learned a “Warn Notice” is being sent to state regulators. Those notices are mandated when an employer in Pennsylvania plans to layoff 50 or more employees.
In the notice the company says 160 employees will be laid off between March 17th and May first. The company is calling it a “layoff” not a “closing”.
The former Cin-ram company was purchased by Technicolor in a deal estimated at between $38-48 million in November of 2015. The company, under Cin-Ram has been reducing it’s work force since 2013, reductions which continued after Technicolor’s acquisition of the facility. The facility manufactures CD and DVD discs.