Nintendo of Europe is to close its headquarters in Germany, it was confirmed today.
The headquarters, located in Grobostheim, Germany, will close and re-locate to their office in Frankfurt, Germany.
130 jobs will be lost as a result of the closure but the company insisted the change would “better enable the European business to adapt” to the gaming industry.
“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,” a statement to IGN read.
“The measures include the consolidation of the current European headquarters in Grobostheim to Frankfurt, the closure of the warehouse and office in Grobostheim, as well as outsourcing and re-organizing 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 Grobostheim 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.”
Back in May, Nintendo reported an operating loss of $457 million and a net loss of $22.8 million.