OSAKA – Nintendo Co. said it will shed about 130 jobs at its headquarters in Germany to restructure its European business.
With the job losses at Nintendo of Europe GmbH, based in Grossostheim, its European headquarters functions will shift to the Frankfurt office while distribution will be outsourced, the video game company said.
Nintendo incurred operating losses for the third consecutive year in the year to last March. Sales of its Wii U home game console were sluggish both at home and abroad, including in Europe.
Nintendo of Europe was established in 1990 to oversee hardware and software sales in Europe.