Dozens of Sony executives, including the firm's chief, are foregoing bonuses this year in an "unprecedented" step to atone for a slump in its embattled electronics unit, a spokeswoman said on Wednesday.
Chief executive Kazuo Hirai is among 40 top managers who will not get a bonus estimated at several hundred million yen (several million dollars) "due to severe business circumstances, including stagnant performance in the electronics sector," the spokeswoman said.
The leading Nikkei business daily said the payout could have totalled 1.0 billion yen ($10 million).
Last year, seven top Sony executives gave up their bonuses "but the number this time is unprecedented," she added.
The decision comes as the maker of PlayStation consoles eyes a profit after four years in the red. But its troubled electronics unit may remain mired in losses despite Hirai's bid to drag it back to profitability. Full story...
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Chief executive Kazuo Hirai is among 40 top managers who will not get a bonus estimated at several hundred million yen (several million dollars) "due to severe business circumstances, including stagnant performance in the electronics sector," the spokeswoman said.
The leading Nikkei business daily said the payout could have totalled 1.0 billion yen ($10 million).
Last year, seven top Sony executives gave up their bonuses "but the number this time is unprecedented," she added.
The decision comes as the maker of PlayStation consoles eyes a profit after four years in the red. But its troubled electronics unit may remain mired in losses despite Hirai's bid to drag it back to profitability. Full story...
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