The industrial vocation of the Technicolor site becomes hardly conceivable

Credit Picture Technicolor

The likelihood for the site of the Technicolor company to have an industrial future looks grim. On December 19th, the liquidator choosen by the Nanterre bankruptcy court will auction all the technical and administrative equipments of the former factory. Without any capital goods, it is technically impossible to put on the tracks rapidly a new activity. 

So the odds for the former employees of Technicolor to work again on the site becomes nothing. That situation is due to the absence of agreement between Angers city and the liquidator about the value of the site. Angers city made a bid of € 4 millions where the liquidator's price was € 14 millions. Such a situation is nevertheless favourable to a total conversion of the site from an industrial to a real-estate purpose. For the former employees of Technicolor, those auctions will make happen the carving-up of their own life. Few of them plan to watch the scene...