Sony will keep wages unchanged for this year and cut bonuses from six to four months. The global financial crisis has hit the Japanese technology sector, causing Sony to freeze workers’ salaries in order to recover, reports Reuters. Sony, unlike some of its competitors, does not raise wages automatically based on seniority. Instead, wages increase annually based on role and performance, and rivals may follow suit as the crisis worsens. Reuters
Posted by Jillian Hudson on 19 March 2009 at 22:25 | permalink
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News story, GenevaLunch, 19 March 2009.
Filed under: World news
Tags: bonuses, financial crisis, freeze, Japan, losses, performance, role, salaries, sector, seniority, Sony, technology, Tokyo, wages
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