The announced losses by Namco Bandai today were followed immediately by the “Group Restart Plan.” This means that the Japanese publisher will do an internal review and seek the “voluntary retirement” of 630 employees, or roughly 10 percent of the company's workforce, by the end of the next fiscal year.
“Since the management integration, the Bandai Namco Group has focused on bolstering its Group foundations through organizational restructuring and other efforts to achieve fusion as a new group as quickly as possible," said Namco Bandai in a statement. "While the consolidation of administrative tasks and other streamlining and cost-cutting efforts at key companies have yielded some results, the Group lost speed on the operational side. We determined that our inability to fully deliver products and services that responded flexibly to the changing market environment and user preferences led to declining profitability.”
In particular, Namco Bandai's Games Contents strategic business unit will be combined with the Visual and Music Content unit to form a the Content SBU. The company's structure has also been changed, with the president and directors of Bandai Company, Namco Bandai Games and Namco Limited serving as directors for Namco Bandai Holdings.
