Tue, Jun 12, 2012 | 05:37 BST
Report – Nintendo to slash employee bonuses
Japanese business broadsheet Nikkei is carrying a report claiming Nintendo will cut summer employee salary bonuses by 20%. The paycut is said to be related to an operating loss of ¥37.3 billion yen in April, attributed to weak 3DS sales and diminishing Wii releases. Executives are also said to have taken a pay cut.
Thanks, GoNintendo.
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Posted in: Nintendo, Trade, nintendo financials
1 comment
#1
jacobvandy
12/06/12, 7:35 am
How is it a “pay cut” if they’re reducing bonuses? That’s kind of like smarmy politicians saying they’re cutting spending by increasing their budget only a little bit, instead of a lot…