Connect with us

Hi, what are you looking for?

News

Sega Reducing Director’s Compensation, Offers Voluntary Retirement

In a sign to some that this is not America, Sega Sammy have announced that in part due to major losses during this fiscal year, the company are offering making some changes.

The company are offering a Call for Voluntary Retirement of Employees. This is eligible to full-time and contract employees of their Group Companies. It would offer “Payment of extraordinary retirement allowances and reemployment support for applicants.”

In addition, compensation of Director of the Board and executive officers within Sega Sammy and some Group Companies will be reduced. These cuts range from 5%-30% of their monthly base salaries.

Those who will be taking pay cuts include the following:

The Company Representative Director: 30% of the monthly base salary Senior Executive Vice President, Director of the Board: 20% of the monthly base salary
Senior Vice President, Director of the Board: 10% of the monthly base salary

Group Companies Representative Director, Executive Director of the Board: 10-20% of the monthly base salary
Director of the Board: 5-10% of monthly base salary

Sega Sammy has taken a major hit thanks to COVID-19. The company posted a 3 billion yen loss from April-September 30. During this time, all departments with the exception of video games department posted losses.

Advertisement. Scroll to continue reading.

Comments

You May Also Like

News

Keen Software House have released update 1.181 for their popular space game Space Engineers. This new update fixes major multithreading issues and performance optimizations....

3DS

The latest issue of Famitsu has revealed that Big John Games is developing a new game in their Cube Creator series titled Cube Creator...

News

In what is one of the holy grails for NES collectors, a Nintendo M8 demo unit has been put up for sale on eBay....

News

The latest issue of V-Jump has confirmed the first two DLC characters for Dragon Ball FighterZ will be Broly and Bardock. Broly will feature...

Advertisement