Sony to tighten it’s belt

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As early as today Sony will start pay cuts and freezing wages for one year.  This move is to save them more loss that they are experiencing in the economy crisis. Today Sony announce that they will freeze wages for normal employee for one year and a 35% to 40%  pay cuts that include top position.

Sony is expecting a $2.5 billion record loss for the current fiscal year.

via Reuters UK

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