Sharp Cuts Bonuses and Salaries to Keep Afloat

Posted Fri Sep 14, 2012 at 09:00 AM PDT by Dick Ward

Executive salaries have gone down a full ten percent and bonuses have been halved.

The folks at Sharp aren't doing too well these days and they're having to tighten up the belt just to keep things going. The most recent cost cutting measure is a reduction on executive salaries and bonuses, which help keep around $180 million dollars in the company.

The average Joe at Sharp isn't exempt either. Non-executive salaried workers are all taking a cut too, of seven percent.

In the end, these sacrifices result in a very small amount of extra cash for Sharp, but at this point they need everything they can get.

Source: Engadget

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Tags: Sharp, Industry Trends (all tags)