Restructuring
Ubisoft restructuring sparks strikes and game cancellations
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Ubisoft's recent company-wide reset has led to the cancellation of six games, studio closures, and a proposed 200 voluntary redundancies in France, prompting unions to vote for strikes. The move includes the scrapping of the long-delayed Prince of Persia: The Sands of Time remake and a price increase for the Just Dance+ service. Shares fell 34 percent, marking the company's lowest value in 15 years.
Lufthansa's management is determined to massively restructure the group's core business, as internal manager statements indicate. This includes closing Lufthansa Cityline and follows recent strikes. Airlines CEO Jens Ritter faced pressure in emotional staff talks.
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Nissan confirmed signing a memorandum of understanding with Grupo SIMPA and Grupo Tagle to assess transitioning its Argentine subsidiary to an import model via local partners. The move aligns with its global Re:Nissan restructuring strategy. The company assured continuity of commercial operations and savings plans for customers.
Industry Minister Kim Jung-kwan urged petrochemical companies in Yeosu on Wednesday to swiftly develop voluntary restructuring plans by year-end to qualify for government support amid a global oversupply crisis. While the Daesan complex in Seosan has submitted plans to cut naphtha cracking capacity by 1.1 million tons, Yeosu and Ulsan complexes have yet to finalize details.
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Tomb Raider developer Crystal Dynamics has laid off just under 30 staff members as part of a studio restructuring. The move is aimed at optimizing development on the next Tomb Raider game in partnership with Amazon. This marks at least the fourth round of layoffs at the studio in the past two years.