Sign up to our daily newsletters
Read the latest magazine issue
View the newest industry guide
3,200 jobs saved as GAME is sold
Published: by
by

Administrators have announced that thousands of jobs will be saved as GAME Group has been sold to OpCapita.

The private investment firm has bought 333 of GAME’s UK shops that are still open. In doing so, OpCapita will have inherited £85 million of debt that is owed to six different banks who have all approved the deal.

As well as saving jobs, there is also a possibility that some of those that were made redundant at the retailer’s head office may be re-employed.

However since the video game retailer went into administration, 277 stores shut down immediately resulting in 2,104 redundancies.

| Comments (0)| Comment
Related Stories
Bizarre job ad warns it's a 'grave mistake' to apply
Bizarre job ad warns it's a 'grave mistake' to apply
“An existing employee has turned traitor and decided to leave us for pastures new, (or so he thinks - put it this way, we will have a nice new concrete patio behind the office in a few weeks and he may mysteriously never be seen again)...read more ›
60% fail to meet job description in first two years of employment
60% fail to meet job description in first two years of employment
60% of workers fail to meet job requirements within the first two years of employment according to new research...read more ›
Key to HR 'galvanising and aligning people and teams'
Key to HR 'galvanising and aligning people and teams'
Mark Norton, Vice President and Head of HR EMEA at Symantec talks exclusively to HR Grapevine about the transition from Military Personnel to HR Professional...read more ›
Top 10 least stressful jobs revealed
Top 10 least stressful jobs revealed
  Although more than half of Britain’s workforce say their job makes them feel constantly stressed, jobs website CareerCast has released a list of ten professions which are inherently less stressful than others...read more ›
3-day work week will 'increase productivity' says Telecoms tycoon
3-day work week will 'increase productivity' says Telecoms tycoon
A three day working week is the key to productivity, according to Mexican telecoms tycoon Carlos Slim...read more ›
"Bosses, let them wear shorts"
  It has been a rambunctiously Mercury rising, hot and humid week...read more ›
Microsoft job cuts far exceed expectations
Microsoft job cuts far exceed expectations
Microsoft will make the deepest job cuts in its 39-year history with 18,000 positions set to go...read more ›
Top 10 professions for work-life balance
Top 10 professions for work-life balance
If you're looking to achieve the greatest balance between work and play, look no further than the tech sector...read more ›