Sharp Making Further Salary Cuts To Stay Afloat

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Sharp has been cutting costs as much as possible so they can stay above the water.  The company is laying off a large number of employees and now they are doubling the size of salary cuts to 10% for a year long period from their executives.  The 2013 bonuses are being chopped to half of what they were in June too.  Everyday employees will see bonus cuts and will take a 7% drop in salary for the same year.  Sharp is hoping to save 14 billion yen (roughly $180 million). [Engadget]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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