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: