Sony executives giving up bonuses to help company

A number of Sony executives will give up their million dollar bonuses this year to boost the company's finances, including CEO Kaz Hirai.

Around 40 executives will return the bonuses worth around 30-50% of their annual earnings, reports Bloomberg.

It's all to keep Sony's finances in the black, as the electronics business remains unprofitable for the second year in a row.

Sony is expected to report an annual profit of £261million GBP this month, however that was helped by the sale of its offices and a weak yen.

The technology giant should be helped later this year by the expected launch of the PlayStation 4.