Nintendo has announced plans to cut 130 jobs as it restructures its European business.
As first reported on Primavera24, the company intends to close its current European headquarters in Gro▀ostheim and relocate its head office in Germany to Frankfurt.
Nintendo issued the following statement to CVG:
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.
The measures include the consolidation of the current European headquarters in Gro▀ostheim (Germany) to Frankfurt (Germany), the closure of the warehouse and office in Gro▀ostheim, as well as outsourcing and reorganising some functions.
These intended measures have not been made lightly and have only been arrived at after thorough analysis and careful consideration. The intended measures will sadly have a direct effect on some of the employees based in the Gro▀ostheim and Frankfurt offices in Germany and would lead to the release of approximately 130 permanent employees.
Nintendo of Europe is committed to a fair consultation process with the local Works Council in Germany with the objective of providing clarity and support for all affected employees as soon as possible.
Nintendo recently posted a net loss for the financial year ended March 2014 as Wii U sales continued to disappoint and 3DS also failed to meet targets.
The company will once again forgo a traditional E3 press conference, instead opting to conduct a digital event to showcase its new games and announcements. On June 10 the platform holder will broadcast a Nintendo Direct to share "further detail on the gaming experiences on the way for Nintendo platforms in 2014 and beyond".