Seventy-nine employees with an entertainment industry rental company in Glendale will lose their jobs as its new owners restructure the business.
Full Throttle Films LLC, doing business as VER, notified the employees on Nov. 14 that they would be let go effective Jan. 13, according to the Worker Adjustment and Retraining Notification filed with the state Employment Development Department.
VER, which filed for voluntary Chapter 11 bankruptcy in April, merged with Production Resources Group LLC that same month. Since then, management has worked to align the two businesses to meet new business objectives.
“We communicated plans to restructure the two companies to refocus on our core business and adapt to the markets we serve,” a letter from the company to Glendale Mayor Zareh Sinanyan and the EDD said. “The PRG/VER restructuring impacts approximately 260 employees, including 79 employees at our contiguous Glendale sites.”
VER operates from three location in Glendale – a main office at 757 W. California Ave., a lighting facility at 4844 San Fernando Road and a technical center at 4860 San Fernando Road.
The company supplies audio, video, lighting, cameras and rigging equipment to the TV, cinema, live events, broadcast and corporate markets.