They are worried about the places and the future of the teams.
Staff Electronic art unionization United Video Game Workers – CWA announced the sale of the publishing house to three private investors – Silver Lake Management, the Saudi Arabian National Investment Fund (PIF) and its subsidiary Affinity Partners. Much of the criticism is directed at the debts associated with the business, which has developers wary of cuts and layoffs.
From the total amount $56 billion the new owners will actually spend only 36 billion from their own funds. The remaining $20 billion is paid to shareholders from the loan, which immediately increases EA’s debt. “Who will be spared, what will managers save on, and what education will they sacrifice for the sake of [dluh splatil]? employees ask.
“If there are job cuts or studio closures as a result of this transaction, it will be a decision, not a necessity, made to line the pockets of investors rather than strengthen the company,” they continue.
Last but not least, the union calls on regulators who oversee such deals: “We urge regulators and elected representatives to carefully review this agreement and ensure that any subsequent steps protect jobs, preserve creative freedom, and ensure that decision-making remains accountable to the employees who make EA successful.”
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Source : Zing
