The gaming and electronics giant will run its German operations from its Frankfurt office, closing and selling off its site in Großostheim, Bavaria. Nintendo said it would slash "approximately 130 jobs” in both Frankfurt and Großostheim.

However, one employee at Nintendo Germany told The Local this figure would be closer to 200.

“Around 190 will lose their jobs, possibly by the end of August but maybe earlier than that,” the Nintendo worker said. “In Frankfurt it will be mostly language specialists and quality assurance personnel.”

Nintendo said in a statement it had to adapt its European arm to “the rapidly changing business environment”.

"The measures include the consolidation of the current European headquarters in Großostheim to Frankfurt, the closure of the warehouse and office in Großostheim, as well as outsourcing and reorganizing some functions,” the statement said.

"These intended measures have not been made lightly and have only been arrived at after thorough analysis and careful consideration. The intended measures will sadly have a direct effect on some of the employees based in the Großostheim and Frankfurt offices in Germany and would lead to the release of approximately 130 permanent employees."

"Nintendo of Europe is committed to a fair consultation process with the local Works Council in Germany with the objective of providing clarity and support for all affected employees as soon as possible."

The Japanese firm reported an operating loss of $456 million for the fiscal year ending March 31st. It was its third consecutive annual operating loss. 

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