UPDATED: Breaking News: Acclaim Sees Massive Redundancies As End Draws Near
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Topic started: Fri, 27 Aug 2004 12:31
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Sun, 29 Aug 2004 23:43
vagus wrote:
>Being a Journalist myself, I'm appauled by your
>lack of judgment on this story.
>Obviously you don't understand what Chatper 11
>Bankrupcy means, or you wouldn't be going on
>about :
>"The dissection of exactly how the firm fell from
>grace so conclusively will have to wait for
>another day."
>
>Grow up children. First to post doesn't mean
>ignore the facts.
You've got a nerve! LOL
You think filing for Chapter 11, sending staff home without pay, failing to pay llicence fees and losing key brands to the competition doesn't constitute a "fall from grace"?
Really?
Sure, Acclaim could have a guardian angel appear in a shower of glitter, but let's face it - at this stage that ain't gonna happen. At best it'll (continue to) cut the fat (if there is any more to cut) and manage to pull itself up by its bootstraps. I doubt this would happen. It's likely that it'll be bought wholesale at a bargain basement price by EA, Infogrames, Ubisoft or blah. Just as liikely it'll be scattered to the winds. Either of the latter would very likely result in the demise of the Acclaim name. After all it's clear to see that it no longer holds any cachet.
S**t dude. If you're gonna be appauled at anything, be appauled by the shocking mismanagement, the loss of jobs, the way the fat cats at the top might make off like robbers while staff get to default on their mortgages.
>Being a Journalist myself, I'm appauled by your
>lack of judgment on this story.
>Obviously you don't understand what Chatper 11
>Bankrupcy means, or you wouldn't be going on
>about :
>"The dissection of exactly how the firm fell from
>grace so conclusively will have to wait for
>another day."
>
>Grow up children. First to post doesn't mean
>ignore the facts.
You've got a nerve! LOL
You think filing for Chapter 11, sending staff home without pay, failing to pay llicence fees and losing key brands to the competition doesn't constitute a "fall from grace"?
Really?
Sure, Acclaim could have a guardian angel appear in a shower of glitter, but let's face it - at this stage that ain't gonna happen. At best it'll (continue to) cut the fat (if there is any more to cut) and manage to pull itself up by its bootstraps. I doubt this would happen. It's likely that it'll be bought wholesale at a bargain basement price by EA, Infogrames, Ubisoft or blah. Just as liikely it'll be scattered to the winds. Either of the latter would very likely result in the demise of the Acclaim name. After all it's clear to see that it no longer holds any cachet.
S**t dude. If you're gonna be appauled at anything, be appauled by the shocking mismanagement, the loss of jobs, the way the fat cats at the top might make off like robbers while staff get to default on their mortgages.
Tue, 31 Aug 2004 07:41
UK Pensions:
> the way the fat cats at the top might make off like robbers
> while staff get to default on their mortgages.
It may be a bit worse than that for UK staff, it looks like we have had our pensions stolen for the last 6 months too, its not totally clear what the situation is yet, but it is possible our employee contributions (the amount we pay, deducted from our paycheck) has been taken by Acclaim, and not paid to our pension company. Acclaims part of the payment (employer contributions) have definately not been paid since April. The pension comany we use is also in potential trouble for not notifying us until the day after it all went pear shaped, they should have told us in June at the latest.
In short, they have been taking our pension contributions since April and just keeping them.
At the Cheltenham (UK) studio, mass confusion reigned, we might find out what is going on in due time. In the mean time, anyone need a PS2 coder ? ;-)
bonsai.
> the way the fat cats at the top might make off like robbers
> while staff get to default on their mortgages.
It may be a bit worse than that for UK staff, it looks like we have had our pensions stolen for the last 6 months too, its not totally clear what the situation is yet, but it is possible our employee contributions (the amount we pay, deducted from our paycheck) has been taken by Acclaim, and not paid to our pension company. Acclaims part of the payment (employer contributions) have definately not been paid since April. The pension comany we use is also in potential trouble for not notifying us until the day after it all went pear shaped, they should have told us in June at the latest.
In short, they have been taking our pension contributions since April and just keeping them.
At the Cheltenham (UK) studio, mass confusion reigned, we might find out what is going on in due time. In the mean time, anyone need a PS2 coder ? ;-)
bonsai.
Tue, 31 Aug 2004 07:42
Its true the infrogrames bailifs have locked down the manchester studio, there is not much point everyone turning up this morning.
But i will be going non the same.
There is but a glimmer of hope for the Manchester staff, i believe upper management are looking to put together rescue packages. I've no details of what this entails though or how real it is.
On a more serious front, there is the unpaid pension issue... i.e. shortfalls since April.
I'll be ringing OPRA today to find out what if anything can be done, I advise other Ex-Acclaim staff to do the same...then I'll be putting on my boiler suit.
But i will be going non the same.
There is but a glimmer of hope for the Manchester staff, i believe upper management are looking to put together rescue packages. I've no details of what this entails though or how real it is.
On a more serious front, there is the unpaid pension issue... i.e. shortfalls since April.
I'll be ringing OPRA today to find out what if anything can be done, I advise other Ex-Acclaim staff to do the same...then I'll be putting on my boiler suit.
Tue, 31 Aug 2004 13:17
Bonsai,
are you from the Cheltenham studio?
are you from the Cheltenham studio?
Tue, 31 Aug 2004 21:57
UPDATE: Re:Manchester Studios
For those that are unaware and were at the Manchester Offices, there is a meeting at 11.30am, Wed at Dukes92.
For those that are unaware and were at the Manchester Offices, there is a meeting at 11.30am, Wed at Dukes92.
Wed, 1 Sep 2004 09:38
Plumbjob wrote:
>UPDATE: Re:Manchester Studios
>
>For those that are unaware and were at the
>Manchester Offices, there is a meeting at
>11.30am, Wed at Dukes92.
If its not inappropriate, I'm sure we'd all b e interested to know how the metting goes for you guys.
Good luck.
>UPDATE: Re:Manchester Studios
>
>For those that are unaware and were at the
>Manchester Offices, there is a meeting at
>11.30am, Wed at Dukes92.
If its not inappropriate, I'm sure we'd all b e interested to know how the metting goes for you guys.
Good luck.
Thu, 2 Sep 2004 08:56
No real news from the meeting yesterday, but it is likely Acclaim are filing Chapter 7.
Talks are underway with 2 interested parties but no details for obvious reasons.
All are advised to dust off their CV's.
Talks are underway with 2 interested parties but no details for obvious reasons.
All are advised to dust off their CV's.
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2 comments
Trickstyle tho looking nice was pants to play..
acclaims good days were on snes and after that it was producing games that although looked great played rubbish..
GOOD publishers look for good gameplay.. simple.. gameplay means games sell and then sell more off thier back ..
nuff said..
Respect to all the people who lost thier jobs tho.. sorry guys good luck for the future !
its a hard life...