Global rationalisation at US publisher starts to affect UK workforce
MCV understands that THQ has this week commenced a series of changes to its UK organisation.
At this stage no official comment has been made by the company but MCV believes that, as part of a global alignment, a number of UK staff have been placed at risk of redundancy and a period of consultation has begun.
THQ looks to be merging its European and UK marketing teams, creating a new function that will drive the business.
In addition, roles in a number of departments are likely to be affected.
UK managing director Roy Campbell and UK marketing director John Webb are amongst those who have been placed at risk.
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A 30 day consultation period for some UK staff has already begun, with THQ's hope being that it can offer some of them new jobs as part of a re-organisation.
THQ has had a tremendously successful five years, with enormous growth. In 2006 it was the second biggest publisher behind EA - ahead of Nintendo, Microsoft and Activision.
But slippage on releases and some disappointing sales on key titles has caused re-alignment on a global scale.
Whilst the changes are significant, MCV understands that THQ will remain robust in the UK and is committed to maximising its portfolio throughout 2009.
Comments
staff biggest asset???
have they, and other companies adjusting to earlier bad decisions, considered temporary pay cuts? I'm sure staff would consider it. It keeps morale at a much higher level than redundancies, which affects the entire workforce emotionally.
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