BREAKING NEWS: Game To Close 60 Stores OZ

X

Gaming giant to close 60 stores nationwide, its administrators PWC announced.

2012052504571455cfb 300x300 BREAKING NEWS: Game To Close 60 Stores OZ
Click to enlarge

Troubled retailer Game which recently announced it was going into voluntary administration after sales tanked will lay off 264 store and 17 head office workers – around half of its total workforce in Australia.

“After reviewing the financial performance and profitability of the individual stores, and with regard to current discussions with interested parties, it is not possible to continue to trade these stores”.

“This is a difficult time for employees and closing the stores was not a decision we made easily,” Game administrators, Kate Warwick , PricewaterhouseCoopers, said.

“However it is not financially viable to continue to operate at this level at this time.”

PwC has been in touch with the Federal Government Department that deals with General Employee Entitlements and Redundancy Scheme (GEERS) and will assist the employees with their applications, it said in a statement.

 

Game has 92 shop in total nationally.

For players who pre-ordered Diablo III from GAME Australia, did not receive their game, details on how to receive a credit have been posted on its forums.

728x90 BREAKING NEWS: Game To Close 60 Stores OZ
Top Gun Channel News Banner 1 728x90 BREAKING NEWS: Game To Close 60 Stores OZ
Aspire Vero Banner Intel CCF 728x90 BREAKING NEWS: Game To Close 60 Stores OZ
LG016 Corporate 4square Media LG ToneFree FP9 LB 728x90 BREAKING NEWS: Game To Close 60 Stores OZ
4SQR Logi MX keys Mini 728x90 1 BREAKING NEWS: Game To Close 60 Stores OZ
Flick of a switch 728x90 1 BREAKING NEWS: Game To Close 60 Stores OZ
Leaderboard 728x90 BREAKING NEWS: Game To Close 60 Stores OZ
211112 4Square Banner Narrow TWE3B 2 BREAKING NEWS: Game To Close 60 Stores OZ
3 728x90 BREAKING NEWS: Game To Close 60 Stores OZ
gtv r3 728x90 px BREAKING NEWS: Game To Close 60 Stores OZ


YOU MAY ALSO LIKE