THQ sends 240 employees the avenue. The game publisher is in a slimmed down form focused on high-quality core games.’ THQ should cut down to the stock price to increase: the company threatens its listing on the Nasdaq to lose.
The restructuring Farrell announces, also has consequences for the workforce of the publisher: 240 workers will lose their jobs. The greatest part of this will be in march put out on the street, the rest in september is unemployed. Farrell has also let us know that he is in the slump, shares: his salary is halved, 718.500 dollar to 359.250 per year.
The plans are a response to a warning from the Nasdaq. THQ threatens its listing on the American stock exchange for technology companies to lose, because the price of the THQ share for more than a month under the limit of a dollar is. THQ get of the Nasdaq 180 days to the value of the share on the screws. If the price on July 23 to above the eendollargrens is increased, the Nasdaq listing maintained.
THQ is already in heavy weather. In november, Farrell a quarterly loss of 90 million dollars, and in may was the publication of the annual figures even though a loss of 136 million dollars reported. The publisher closed down in 2011 in addition, a number of ontwikkelstudio.
A part of the staff, the management has an open letter about the problematic situation sent. In the letter express employees and ex-employees their concerns about the direction of the company and in particular with the action of director Brian Farrell. The publisher would be the past years a lot of money have been invested in the purchase of ontwikkelstudio’s, which are within a couple of years back with loss sold had to be or were closed. Also for different gamefranchises would be too much money to be paid.