Feeds

Matsushita pleads with staff to buy their own products

Corporate desperation reaches new levels

  • alert
  • submit to reddit

Intelligent flash storage arrays

Staff at Matsushita in Japan are being asked to buy the company's products to boost its sales. It's a peculiar Japanese thing, but staff have been encouraged to spend around 10 per cent of their summer bonuses on goods produced by the company - which owns, among other brands, Panasonic.

Bonuses are a very different matter in Japan and the two annual payments (summer and winter) account for about half a worker's annual pay. For the average employee, 10 per cent amounts to a little over £1,000.

Also, in Japanese work culture, such a request would not be compulsory but would be considered a duty. There will also be an aspect of shame in that staff will be expected to hand copies of receipts to their bosses.

Matsushita is in a spot of bother due to the slowdown in the US economy. This isn't the first time this idea has been hit upon either - staff were asked to do exactly the same thing in 1998 with their winter bonuses.

Here at Vulture Central, it has been the staff asking management for the opportunity to invest in the company. Informal talks were held by reporters and the manager of the local tavern, the Old Monk, with a view to buying the public house outright or a part share. Unfortunately, the deal fell through after no one could remember exactly what we'd discussed. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.