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Displaying items by tag: Electronics

Wednesday, 12 September 2012 20:09

Sharp drops employee salaries by 10%

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Sharp, the Japanese manufacturer of TV's and display panels for many companies, including Apple, will have to cut their employee salaries up to 10% in order to save $180 million this fiscal year. The Salary cutting will start next month and it will be twice as big as the previous cut that happened in April. Earlier this year they lowered their management salaries by 5%, and now other employees are being targeted. Sharp also intends to cut the prices of their union workers by 7%, increasing the cut from a previous 2%, currently they are in negotiations with labor unions about it.

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