Monday, August 1, 2011

Nintendo cuts to, including that of President

Nintendo is going through a difficult period because of the sales below expectations, Nintendo 3DS. A few days ago, the Japanese manufacturer has announced a price cut for the console with the intention of improving the situation of sales and other, a form of reduced wages of employees to reduce operating costs.

In addition to workers, even the president of Nintendo, Satori Iwata, has accepted a diminution of his salary rising from 1.2 million pounds a year to 600,000 pounds. Other employees who hold executive positions, however, experienced a cut of 30 percent. Iwata said in a statement: "For fixed cuts in salaries, I'm taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut."

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