Nintendo to cut summer bonuses by 20 percent : Nikkei
(Reuters) - Nintendo Co will cut its employees' summer bonuses by about 20 percent this year as a result of weak business performance, Japanese business daily Nikkei reported.
The video game giant reported its first annual operating loss of 37.3 billion yen ($469.65 million) in April on shrinking sales of its Wii gaming console and weak demand for its new 3DS handheld device.
The company has reduced executive compensations from last year, the newspaper said.
(Reporting by Eileen Anupa Soreng in Bangalore; Editing by Joyjeet Das)
- Man called Bitcoin's father denies ties, leads LA car chase
- Ukraine standoff intensifies, Russia says sanctions will 'boomerang' |
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Apple loses bid for U.S. ban on Samsung smartphone sales
- 'Everything is fine', Pistorius told guard after shooting girlfriend |