Though reports last week seemed to indicate that a buyer would swoop in at the last second and save the faltering APB developer Realtime Worlds, the studio has revealed that its remaining 50 employees have been terminated. Sixteen temporary positions are still active to finish shutting down the Dundee studio. The company’s US branch, based out of Boulder, Colo., is facing a similar fate, letting go of 33 of its staff, leaving behind a skeleton crew to bring the branch to a close. A Realtime spokesperson told Develop that the studio is “now likely to apply for Chapter 7 Protection.”
Begbies Traynor, the firm responsible for the company’s administration, is also under fire from a handful of sources both internal and otherwise. Develop reports that a number of ex-Realtime employees claim they’ve been denied their redundancy pay — a claim which a Begbies Traynor spokesperson responded to by saying, “redundancy payment will be made in accordance with current UK legislation.”
Continue reading Final Realtime Worlds employees let go, US branch also shutting down
Final Realtime Worlds employees let go, US branch also shutting down originally appeared on Joystiq on Fri, 17 Sep 2010 13:00:00 EST. Please see our terms for use of feeds.
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