Roadrunner Records, home to veteran artists like Rush, Steve Miller, Lynyrd Skynyrd, Ratt and Megadeth, was absorbed at the end of last week into Warner Music with the result being massive layoffs around the world.

Staff from the Roadrunner Australia office based in Melbourne were given the news today by Warner Australia CEO Tony Harlow. Noise11 was told that about half the staff were let go and the rest will work for Warner.

Offices in the UK, Germany and Canada were also closed today.

Roadrunner was founded in the Netherlands in 1980 by Cees Wessels. By 1986, the label had an office in the USA and then quickly expanded to the UK, Germany, France, Japan, Australia, Denmark and Canada.

In December, 2006, Warner Music acquired a majority stake in the label and in November 2010 bought the remainder of the business. Cees Wessels stayed on as CEO.

Other Roadrunner artists include Kenny Wayne Shepherd, Nickelback, Korn, Dream Theater, Rob Zombie, Lenny Kravitz, Killswicth Engage, Machine Head, Stone Sour, Slipknot, Trivium, Underoath and Alexisonfire.