Decrease in executive remuneration in the food service industry Sales decrease due to successive new corona 5:33 on May 18
In the restaurant industry, where sales are declining due to the spread of the new coronavirus, there is a continuous movement to reduce executive compensation.
Zensho Holdings, which operates beef bowl chain sukiya, has decided to reduce the compensation of approximately 70 executives, including the group, by 5% to 50% for the five months from this month to September.
In addition, Skylark Holdings, the largest family restaurant, is planning to reduce the remuneration of approximately 40 executives, including the group, from 10% to 30% for the half year from next month to November.
Furthermore, at Korakuen Holdings, which operates a ramen chain, in addition to a reduction of up to 50% in executive remuneration, no summer bonus is paid for employees and parts, and employee salaries are also for three months from this month to July. We have decided to reduce by 20%.
In the food service industry, sales have dropped sharply due to temporary closures and shortened business hours, and employee income has decreased, and each company is working to maintain employment and recover business results by reducing executive compensation. I would like to focus on