GAME Australia Shutting Stores

<p>The troubled retailer has announced it will be shutting 60 of its stores nationwide with 281 employees already laid off&period; The <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;game-australia-enters-administration-refunding-preorder&sol;">company entered Administration<&sol;a> earlier this month&period; Kate Warwick of GAME stated that &&num;8220&semi;This is a difficult time for employees and closing the stores was not a decision we made easily&period; However it is not financially viable to continue to operate at this level at this time&period; PwC has been in touch with the Federal Government Department that deals with General Employee Entitlements and Redundancy Scheme &lpar;GEERS&rpar; and will assist the employees with their applications&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;theverge&period;com&sol;gaming&sol;2012&sol;5&sol;25&sol;3042569&sol;game-australia-to-close-60-stores-lose-281-employees">The Verge<&sol;a>&rpar;<&sol;p>&NewLine;