Following the news that GONZO was halving their production, their parent company GDH has further announced yesterday that they will be asking 25% of their employees to “retire” early.

This move was to enable the company to move back onto the profitability track.

Employees that opt to retire early will receive a one-time bonus equivalent to one-month’s salary.

To that end, it plans to reduce its representative director’s compensation by half, its board of directors’ head count by two (or 30%), and its executive and managerial staff’s head count by eight (or 10 to 20%).

Source: ITmedia News via 2ch News Navigator

Looks like things are really no turning out well for Gonzo. But its sad that GDH has taken the step of cutting manpower in times of financial crisis.