Mexican Media Brands
Toyota Ponders 3% Pay Hike for Workers in Japan
Toyota Motor Corp. is contemplating a 2,000-yen ($17.60) boost in the monthly pay scale for its workers in Japan.
#labor
Share
Toyota Motor Corp. is contemplating a 2,000-yen ($17.60) boost in the monthly pay scale for its workers in Japan.
The increase, coupled with a regular seniority-based monthly increase of 7,300 yen ($64.40), would raise wages for union workers about 3%, sources tell The Nikkei.
Toyota’s deal will be considered a benchmark for other Japanese carmakers. Prime Minister Shinzo Abe has been urging Japan’s largest employers to increase wages, which could help stop deflation and revive the country’s economy.
RELATED CONTENT
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.