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Stock impact report

Ubisoft Follows Last Week's Game Cancelations and Studio Closures With a Proposed Reduction of 200 More Jobs at its Paris Headquarters [Yahoo! Finance]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Yahoo! Finance
is now aiming its cost-reduction initiative at staff working inside its Paris headquarters. Ubisoft has proposed the loss of up to 200 jobs within the French capital, where it currently employs around 1100 people. This process will be organized under the voluntary Rupture Conventionnelle Collective (RCC) process, where staff can agree to form a collective, voluntary mutual termination agreement. "In line with last week's announcements on its new operating model and the acceleration of cost-reduction initiatives, Ubisoft International has initiated discussions regarding a potential Rupture Conventionnelle Collective, a collective, voluntary mutual termination agreement that could involve up to 200 positions at its headquarters in France," a Ubisoft spokesperson told IGN today. "At this stage, this remains a proposal, and no decision will be final until a collective agreement is reached with employee representatives and validated by French authorities. The proposal applies exclusi Show less Read more
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