LOS ANGELES (MarketWatch) -- Japanese videogame major Nintendo
Co. has told its staff it will cut their traditional summer bonus payments by an average 20% due to flagging business, the Nikkei
business daily reported Tuesday. After posting its first annual loss as a listed company last fiscal year, Nintendo is reducing the bonus to below an average 4 times monthly pay for the first time since the 1980s. The average bonus pay-out will fall to about 3.4 times monthly pay. Many companies in Asia pay regular bonuses as part of their compensation packages.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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