281 job losses at GAME Australia, 60 stores closed

by Ben Salter Featured 17 Comments 29 Votes 1807 Views 25/05/2012 Back to News

The inevitable job losses at GAME Australia have begun, as 60 stores will be closed across the country, after it entered administration earlier this month.

A total of 281 staff lost their jobs, including 264 from stores and 17 from head office, reports MCV.

Kate Warwick, a partner at administrators PriceWaterhouseCoopers, confirmed the job losses from GAME's staff of approximately 500.

"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," said Warwick.

The remaining 200-300 staff face a nervous wait as their futures are decided over the coming weeks. While several suitors have expressed their interest in saving the struggling retailing, a firm buyer is yet to be found.

We don't know which select stores will remain open in the near future.

By Ben Salter - Bio

Link to us http://360.mmgn.com/News/281-job-loses-at-GAME-Australia

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281 job losses at GAME Australia, 60 stores closed Comments

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Kudos: 28,935

MicDaMan

This is sad news.....
I feel so sorry for those workers out of a job. But some what sadder for those who have no idea if they will have a job come next week. It's the not knowing that does your head in.

25/05/2012

If I agreed with you we'd both be wrong.

Kudos: 31,137

IAMColonel

Losses?

25/05/2012

Melbourne

Kudos: 848

KainAussie

i almost applyed for a job there a few months ago. Lucky i didnt lol

25/05/2012

Gold Coast

Kudos: 27,998

stublu

That's just under 2/3 of the stores in Aus.

25/05/2012

Perth

Kudos: 23,974

l3ailey

Its a really big shame. :( I wasnt a frequent shopper, but they had a lot of god stuff in there. My local 2 GAMEs are looking a tad empty at the moment.

I hope all the affected employees are able to find jobs.

25/05/2012

Australia, South Australia, Adelaide ~ Steam Trains are my favourite everything

Kudos: 10,518

LMA0

l3ailey said: Its a really big shame. I wasnt a frequent shopper, but they had a lot of god stuff in there.

'God' stuff [WTF]

25/05/2012

Outer West Sydney aka The Ghetto

Kudos: 23,974

l3ailey

LMA0 said:
l3ailey said: Its a really big shame. I wasnt a frequent shopper, but they had a lot of god stuff in there.

'God' stuff

Still getting used to my new phone. [MOG]

25/05/2012

Australia, South Australia, Adelaide ~ Steam Trains are my favourite everything

Kudos: 242

lukewarm

any good staff won't have trouble getting work elsewhere in the industry

25/05/2012

Brisbane, Queensland

Kudos: 24,835

Makra

lukewarm said: any good staff won't have trouble getting work elsewhere in the industry

Huh?

Besides maybe the head office people who lost their jobs, the majority of those lost jobs would have been basic customer service/sales assistant roles, not exactly something that will give those ex-employees great job prospects...

25/05/2012

ㅈㅈ

Kudos: 2,227

marvelxmen

40% off most stock tho. I got flashpoint red river $15

26/05/2012

melbourne, victoria

Kudos: 28,868

stonecold

Great news

26/05/2012

Kudos: 4,462

matt12

stonecold said: Great news

Good news!?!?

26/05/2012

Australia/ Sydney

Kudos: 75

Lahmy88

Good riddance I say! How can you sustain business when you use the same old tired formula that every other shitty gameshop uses? Second-hand craptacular sales every week... 50% off these shithouse games this week... 50% off these other shithouse games next week. Where's the retail experience? Where's the console stands to have a crack at games? Where's the enthusiastic employees telling you about absolute must-have games of the year? Businesses fail for a reason. Too many game shops that have the same old inflated prices - no wonder online gameshops are wiping the floor with these tired old shops - they don't innovate!

(Yes of course I feel for the honest hard-working employees that lost their jobs - I'm not a cold bastard)

27/05/2012

Shepparton, Victoria

Kudos: 12,337

kangle4

Frankston store closed down.

27/05/2012

Melbourne, Victoria

Kudos: 210,813

M@ndyz

kangle4 said: Frankston store closed down.

Damn that's the closest store to me.. Lucky there's an EB

27/05/2012

Add me on steam........... bootie [mmgn] Or raptr.......... bootie101 3024-5457-6221 Japanese 3DS friendcode for Animal crossing

Kudos: 12,337

kangle4

M@ndyz said:
kangle4 said: Frankston store closed down.

Damn that's the closest store to me.. Lucky there's an EB

Closest to me aswell, not that I went there much anyway.

27/05/2012

Melbourne, Victoria

Kudos: 10,518

LMA0

Lahmy88 said: Good riddance I say! How can you sustain business when you use the same old tired formula that every other shitty gameshop uses? Second-hand craptacular sales every week... 50% off these shithouse games this week... 50% off these other shithouse games next week. Where's the retail experience? Where's the console stands to have a crack at games? Where's the enthusiastic employees telling you about absolute must-have games of the year? Businesses fail for a reason. Too many game shops that have the same old inflated prices - no wonder online gameshops are wiping the floor with these tired old shops - they don't innovate!
(Yes of course I feel for the honest hard-working employees that lost their jobs - I'm not a cold bastard)