Midway Giving Bonuses to Employees, Plans to Sell Mortal Kombat Franchise
Midway’s financial struggles aren’t exactly anything new, but what they are doing is quite interesting: the company has proposed an incentive plan that would see employees receive bonuses for meeting certain goals, but in a rather illogical twist, they won’t reimburse ex-employees for unused paid time off.
Their plan outlined three specific plans. The first – which was recently accomplished – was to find a co-publisher for Wheelman (Ubisoft stepped up to the plate) which will see a $497,500 bonus given out to employees.
The other two plans are to sell the Mortal Kombat property to another company and submit a new reorganization plan. Either is worth $1,292,500.
This move is surprising because the MK property has been a best-selling franchise for the publisher since the original’s release back in 1992.
While all this is fine and dandy, the company is backtracking on its promises that employees would be paid for unused paid time off. The promises were made three days before its recent bankruptcy filing.