More Than Half Of GAME Australia Staff Let Go

Over half of GAME's staff have been let go from Australian stores, with 264 being made redundant from their retail outlet positions and another 17 fired from the head office.

While sad, it's not massively surprising. This move by administrator PwC is in line with what we saw in the UK when that branch of GAME Group was struggling to stay afloat. Unable to maintain the full contingent of retail stores with its new skeleton crew, GAME was forced to close many of its retail stores. That has also happened Down Under, with a total of 60 shops shutting for good.

Speaking about the staff layoffs, administrator at PwC, Kate Warwick said: "This is a difficult time for employees and closing the stores was not a decision we made easily. 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."

GAME Australia has now been in administration for a week and has met with creditors. However, while there was some interest in saving certain aspects of the firm, so far there have been no concrete offers.

Surviving GAME employees however should take hope from the fact that it wasn't until well into the administration in the UK that OpCapita came along and saved the brand. Hopefully something similar will happen in Australia.

Source: MCV