Nintendo closing European HQ, laying off 130 employees

Nintendo will close its European headquarters located in Großostheim, Germany, resulting in several redundancies in its workforce. The Wii U and 3DS manufacturer will cut 130 jobs in the process at various European locations and will consolidate its German HQ to Frankfurt.

"Nintendo of Europe has entered into a consultation process on a number of changes it is intending to make to its European business which, in the long term, will better enable the European business to adapt to the rapidly changing business environment," Nintendo said in a statement to Games Industry International. The company posted a $229 million net loss last monthin its financial results for the year (ending March 31, 2014). It shipped 6.17 million Wii U systems total as of then, well off its original projection of 9 million.

"These intended measures have not been made lightly and have only been arrived at after thorough analysis and careful consideration," the company continued. "The intended measures will sadly have a direct effect on some of the employees based in the Großostheim and Frankfurt offices in Germany and would lead to the release of approximately 130 permanent employees."

http://www.joystiq.com/2014/06/06/ni...130-employees/

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