Grass Valley Group cuts less than 10% of local positions |

Grass Valley Group cuts less than 10% of local positions

The company locally known as the Grass Valley Group is laying off “less than 10 percent of the Nevada City workforce,” today, according to Vice President for Global Operations Dave Perillo.

That means less than 30 of the 300 employees at the Nevada City campus are expected lose their jobs by the end of the day, Perillo said. He said he could not produce a specific number.

“It’s a very difficult day for us,” Perillo said. “We want to be sensitive to our employees. At present, there are no plans to leave Nevada City.”

The layoffs follow Wednesday’s announcement that the Group’s parent company, Technicolor, will reduce the division’s estimated 2,500-strong workforce by 25 percent, or 625 jobs.

Many of those layoffs happened in the company’s European operations.

Technicolor announced the layoffs because of a 30 percent decline in orders for Grass Valley brand broadcast equipment.

The decline was due to plunging advertising sales in the broadcast industry and subsequent tighter budgets, according to a Technicolor press release.

For the full story, see Friday’s edition of The Union.

To contact Senior Staff Writer Dave Moller, e-mail, or call 477-4237.

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