No Pay Rise For Sony Staff – TheSixthAxis

No Pay Rise For Sony Staff

The PS3’s price might be coming down, but it appears that the staff wages at Sony won’t be going up, as Sony Corp has frozen its employee’s salaries for a whole year, starting next month.  The company’s flagging profitability is to blame for the freeze, which also includes a reduction in the staff bonuses from six months pay to just four and annual compensation for managers down to 20% from 30, according to news agency Nikkei, who said “Executives will also be slugged with huge cuts to bonuses and salaries.”

Sony have already announced plans to cut $2.8 Billion in costs by next year following estimates that it’s to lose $1.68 Billion for this financial year.

Via GamesIndustry.