Nintendo of Europe will close its headquarters in Großostheim, Germany, and begin running business out of its Frankfurt office, resulting in the loss of 130 jobs, Eurogamer reports.
According to a statement provided to the publication, the company is taking part in a consultation process "on a number of changes" to improve its European business. This includes closing the headquarters in Großostheim and "outsourcing and reorganizing" unspecified operations.
"These intended measures have not been made lightly and have only been arrived at after thorough analysis and careful consideration," the spokesperson said. "The intended measures will sadly have a direct effect on some of the employees based in the Großostheim and Frankfurt offices in Germany and would lead to the release of approximately 130 permanent employees.
"Nintendo of Europe is committed to a fair consultation process with the local Works Council in Germany with the objective of providing clarity and support for all affected employees as soon as possible."
We've contacted Nintendo for comment and will update accordingly.
Last month, Nintendo posted a loss of $456 million in annual operations, marking the third consecutive year of annual operating loss for the company. In January, Nintendo president Satoru Iwata announced that he would cut his pay in half for five months following a 30 percent fall in profits for the nine-month fiscal period ending Dec. 31, 2013.
At E3 2014 — which kicks off next week — Nintendo will once again skip a traditional press conference and instead host a digital event on June 10. Yesterday, the company announced that Iwata would miss E3 for health-related reasons.