Technicolor Inc. filed a Workers Adjustment and Retraining Notification with the Indiana Department of Workforce Development on October 19. The filing indicates the company will close its facility at 101 West 103rd Street in Indianapolis and lay off 95 employees as a result.
Technicolor is a leader of digital innovation in the media and entertainment sectors. The company designs and manufacturers audio and video equipment.
Employment separations are expected to begin on December 17 and continue through a 14-day window. The employees impacted by the closure have no bumping rights and the action is expected to be permanent, according to the filing.