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.
Full Circle, the developer of the Skate game, is restructuring and laying off staff less than six months after its early access launch. The changes aim to support the game's long-term future as a free-to-play live-service title. The studio, formed by Electronic Arts in 2021, has acknowledged the impact on affected employees.
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The South Korean government announced a 2.1 trillion-won ($1.45 billion) financial package to support the restructuring of Lotte Chemical Corp. and HD Hyundai Chemical at the Daesan industrial complex. This is the first authorized project under the petrochemical sector's broader self-rescue plan. The initiative aims to address supply gluts by reducing capacity and shifting toward high-value and eco-friendly products.