As Sega Sammy announced It is selling Its arcade business is a Tokyo-based game company Also announced It is asking 650 employees to retire voluntarily. With the Kovid-19 affecting the business, Sega expects it to be called “an extraordinary loss” during the current fiscal year.
Sega Sammy Holdings was formed in 2004 after the merger of Sega and Sammy.
According to the company, the global epidemic is “heavily affected” by the business, which is why the company is selling its arcade business.
“However,” Sega Sammy continued official announcement, “To recover earnings at an early stage and to achieve sustainable growth in the future, we believe that promoting cost reduction focused on fixed expenses and building a more efficient system and calls for voluntary retirement of employees It is necessary to decide to do. “
Sega Sammy is asking 650 full-time employees to retire voluntarily, giving it to all who choose to do so “paying exceptional retirement allowances and unemployment support for applicants.”
What’s more, Sega Sammy is reducing his officers’ salaries. The company’s representative director is getting a 30 percent monthly salary cut, while the senior executive vice president is stepping down Accept it, And senior vice president are watching 10 percent came down monthly salary. In Sega Sammy’s group companies, there will also be pay cuts for top management. Sega Sammy will not pay performance bonuses to directors of the company based on this year’s financial forecast.
According to Sega Sammy, the company expects to record 10 billion yen ($ 96.6 million) in losses during the financial year at the end of March.