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UK retailer Game Group lays off 46 staff at Basingstoke headquarters

Troubled UK retailer Game Group said today that it has laid off around 46 employees from its central support centre in Basingstoke, as part of a restructuring effort.
Troubled UK retailer Game Group said today that it has laid off around 46 employees from its central support centre in Basingstoke, as part of a restructuring effort. It came to light earlier this month that the group was in talks with lenders about its credit issues, and was "reviewing a strategic plan" for its overseas operations that could see the company selling off more than half of its locations. Fortunately, the company received support from its stakeholders and lenders, allowing it to continue to operate into the near future as long as it operated its business "within lower limits" than it was previously. Game Group has now outlined proposed changes to its head office structure, which it says "reflect the growth of our multi-channel operations and the progress of our Dedicated to Gaming strategy." However, as part of these new plans, the company has laid off a number of its staff to make its services "significantly more efficient," reports Eurogamer. "It is also with regret that the proposed restructure will result in around 46 fewer roles at our central support center in Basingstoke," the statement reads. "Our proposed new structure will change the way that we operate and will enable us to be significantly more efficient in our relationships with suppliers and customers." "We are giving our full help and support to the colleagues who are affected by these proposed changes."

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