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Toyota Workers to Ask for First Raise in 5 Years
The labor union representing Toyota Motor Corp. workers in Japan says it will ask the carmaker to raise monthly wages for its production workers by an average 4,000 yen ($39) and give them an annual bonus equal to 6.8 times their monthly pay, Bloomberg News reports.
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The labor union representing Toyota Motor Corp. workers in Japan says it will ask the carmaker to raise monthly wages for its production workers by an average 4,000 yen ($39) and give them an annual bonus equal to 6.8 times their monthly pay, Bloomberg News reports.
Analysts expect Toyota to report a record profit of about 1.9 trillion yen ($18.5 billion) in the fiscal year ending March 31. The company's Japanese workers have not had a raise in base pay since 2008, although the company has increased their annual bonuses.
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