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
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.
-
Tesla Fires Hundreds of Employees It Considers Sub-Par
Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.