NEW YORK, March 18 Sony Corp (6758.T) has decided
to freeze its workers' salaries for the year starting in April to
improve profitability, the financial daily Nikkei said in its
The paper said workers' bonuses will also be lowered to
four months' pay from six months, and annual compensation for
managers will be dropped 10 to 20 percent through wage cuts and
35 to 40 percent bonus reductions.
"Executives will also be slugged with huge cuts to bonuses
and salaries," Nikkei said.
Due to the global economic downtown and the strength of the
yen, Sony is expected to report a group operating loss of 260
billion yen ($2.65 billion) for the year ending March 31, the
(Reporting by Gerald E. McCormick)