BREAKING: 155 jobs to go at Derby games developer Eurocom
Derby games developer Eurocom today said it is making 155 redundancies due to cash-flow problems.
Work is underway to restructure the business to save the remaining 42 jobs.
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Eurocom in Derby is shedding 155 jobs
The firm’s financial difficulties are being blamed on delays to contracts it was expecting to win.
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Comments
by Stale
Saturday, November 24 2012, 7:16AM
“The directors and the top brass involved are more than just currents, they've lead Eurocom into this mess, their recent releases (which @oscardoodle have all been 'film licensed' games) have been complete wash outs, Harry Potter Kinect, and 007 Legends have not been well recieved at all.
Activision have a major part to play in this too, they didn't give Eurocom long to come out with 007 and it was botched as a result of inadequate time. Eurocom have some amazing people working for them.
So it's definitely not a "steep decline in demand for console games" that's ruined Eurocom, it's a decline in demand for mediocre games, and I can't help they've just got caught in the middle of very demanding industry and very unforgiving audience.”
by oscardoodle
Friday, November 23 2012, 6:11PM
“Very sad. It's not that long ago that they seemed to pile heaps of money into investing in larger motion capture facilities and such. I'm no expert on the games industry, but this 'winning contracts' bit - I assume that it is for work from film franchises and the like. Perhaps someone can enlighten me. Have the days when designers came up with brill ideas for standalone games finally gone, then? Or is it just market saturation?
Terrible consequences either way.”
by Oddbloke
Friday, November 23 2012, 2:16PM
“As a former employee and local Derby lad, I am genuinely gutted. :(”