Cinram International Income Fund announced that it has adopted a unitholder rights plan, commonly called a poison pill, to give its board of trustees time to consider alternatives in the event of an unsolicited takeover bid.
Cinram International Income Fund reported its 2010 second quarter and year to date financial results. According to the statement, on June 30, 2010 Cinram also completed the sale of its 50% share of its Mexican joint venture, Cinram Latinoamericana, S.A. de C.V (established in 1994 with Auriga-Aurex, S.A.), to its joint venture partner for total …
Continue reading ‘Cinram Reports $14 Million Loss in Q2 2010’ »
The U.S. Equal Employment Opportunity Commission (EEOC) announced that Cinram Wireless L.L.C., a wholly owned subsidiary of Cinram International, has agreed to settle a religious discrimination and retaliation lawsuit (Civil Action No. 3-09CV1785-F in U.S. District Court for the Northern District of Texas).
The U.S. Department of Labor announced that workers laid off from Cinram Manufacturing LLC in Olyphant, PA and Cinram Distribution LLC in LaVergne, TN are eligible to apply for Trade Adjustment Assistance.
Sony DADC announced that Michael Frey will assume the newly-created role of President, Sony DADC Digital Services and that Dave Rubenstein will join the company as President, Sony DADC Americas. Both appointments became effective on Monday, August 2nd.
More sad news today. According to various published sources, Cinram Manufacturing, LLC plans to eliminate 310 more jobs by the end of the year at its Olyphant, PA facility. This is in addition to the 155 layoffs at the plant announced May 27, 2010.
Some sad news today. CD, DVD and Blu-ray Disc (BD) replicator Cinram GmbH in Alsdorf, Germany announced that it plans to chop 400 jobs by the end of the year.
DiscMail Direct, an industry coalition representing manufacturers, packagers and creative services companies involved in the use of optical media for direct mail applications, has been announced. The group has also joined the Direct Marketing Association (DMA) and is managed by the Media & Entertainment Services Alliance (MESA).
The bad news continues today. Cinram Distribution, LLC announced that it is reducing its workforce at its LaVergne, TN distribution facility. According to the statement, this action will affect 482 employees and, like the latest reductions in Olyphant, is in response to the loss of the company’s Warner Home Video account. The positions impacted by …
Continue reading ‘Cinram Cuts 482 LaVergne Distribution Workers’ »
Some sad news today. Cinram Manufacturing, LLC announced a reduction in its workforce at its Olyphant, PA optical disc manufacturing facility. According to the statement, this reduction will affect 155 employees and is in response to the loss of the company’s Warner Home Video account. The positions impacted by this decision represent a cross section …
Cinram International Inc. has published its 2009 Annual Report. According to the report, Cinram is one of the world’s largest providers of prerecorded multimedia products and related logistics services. Its 21 facilities in North America and Europe have the capacity to manufacture approximately 2.1 billion DVDs, 55 million Blu-ray Discs (BD) and 500 million CDs …