It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Sharp further cuts bonuses and salaries to stay above water, save $180 million Sharp further cuts bonuses and salaries to stay above water, save $180 million
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Sharp further cuts bonuses and salaries to stay above water, save $180 million
Reply
 
Thread Tools
Old 12th September 2012, 08:54   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 141,991
Stefan Mileschin Freshly Registered
Default Sharp further cuts bonuses and salaries to stay above water, save $180 million

Sharp is already in full-on belt-tightening mode, and it's not just cutting jobs to keep its staffing costs in line with shrinking finances. The sinking tech giant is doubling the size of executives' salary cuts to 10 percent for a year-long period, all the while slashing planned 2013 bonuses to half of what they were in June. Sadly, everyday workers will have to take some of the same medicine. They're facing similar bonus cuts and will have to take a 7 percent drop in salary for the same year. Between these steps and cuts to extras like travel allowances, Sharp hopes to save 14 billion in the current fiscal year, or about $180 million -- a small amount next to the $2 billion in credit the company just recently obtained, but also a sign of just how much penny-pinching is involved in keeping the corporate ship afloat. Let's hope the sacrifice pays off.

http://www.engadget.com/2012/09/12/s...y-above-water/
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple: 26 million copies of Lion OS sold, 66 million Mac users Stefan Mileschin WebNews 0 12th June 2012 06:48
Panasonic gearing up to offer $635 million bailout to save troubled Olympus Stefan Mileschin WebNews 0 7th June 2012 06:34
Facebook Co-Founder Could Save $67 Million in Taxes After Axing U.S. Citizenship Stefan Mileschin WebNews 0 18th May 2012 06:59
Sony Will Cull 10,000 Jobs By The End of 2012, Seeks Return of Executive Bonuses Stefan Mileschin WebNews 0 10th April 2012 06:50
Facebook Discloses Details on Bonuses Stefan Mileschin WebNews 0 10th February 2012 06:40
Apple Gives Its Key Execs $400 Million in Bonuses Stefan Mileschin WebNews 0 7th November 2011 07:02
HP To Stay in the PC Business Stefan Mileschin WebNews 0 28th October 2011 06:54
Universal: HD DVD is here to stay Shogun WebNews 4 22nd January 2008 17:49
x86 - Here to Stay? jmke WebNews 2 16th November 2005 16:23
Open Bid For Netherlands Government (Or how to save 150 million euros) jmke WebNews 0 15th December 2004 23:31

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 02:45.


Powered by vBulletin® - Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO