SCi/Eidos to Can 14 Projects

Also, moving development to Canada

Posted by Staff
Montreal is full of buildings built by extraterrestrials.
Montreal is full of buildings built by extraterrestrials.
Tomb Raider and Hitman owner, SCi is to relocate its development operations to Montreal... that's Canada in case you have no sense of geography.

Packing for the trip across the ocean will be made a great deal easier, however, because the company has also canned some 14 as yet unnamed 'projects'. Buying tickets for the trip is also going to be a great deal less expensive as well, with 270 people losing their jobs - that's 25% of the staff.

This comes after operating losses increased to 81.4 million in the six months to December 31, compared with 17.9 million in the same period last year.

Speaking about the reasons for the culling and move, SCi's CEO Phil Rogers - who replaced Jane Cavanagh last month, said, "Our quality has slipped below acceptable standards".

In a phrase that might ring slightly hollow to the 270 people now sitting in the pub looking for jobs in a local industry that has recently been framed as 'small business' by the UK government, Rogers pronounced, "I am confident our staff share this vision and excitement for the future, and determination to build a working environment where our innovation and creativity can be commercially realised".

The cuts and sackings (or redundancies or down-sizings or re-alignings of the workforce, or whatever other euphemism is currently in vogue) are intended to gather some 50m to make up for the 'writedown' of just under 80 million pounds incurred due to the project and people canning.

The restructure doesn't stop there. According to MCV, "the firm will now set about a 'fundamental change in business structure' which involves decentralising control of its development studios, creating a new label called Eidos PLAY which merges its casual and new media resources".

So, how about a take-over? "At this time the board is not encouraging offers for the company..." said a statement from SCi. The statement also, confusingly continued,"...but, in a consolidating industry, a sensible offer will be considered". That second bit sounds remarkably encouraging to SPOnG.

Various sources:
MCV
Reuters
MSN News
Hemscott




Companies:

Comments

Daz 29 Feb 2008 14:26
1/2
I wounder what they are and if there's owt I should be sad about
Plasmoid 29 Feb 2008 15:00
2/2
Kane And Lynch 2 RIP
Could have been good... but most likely would have stank like the first.

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