Mexican Media Brands
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.
#labor
Share
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.
RELATED CONTENT
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
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.