Mexican Media Brands
Toyota’s Union Ask for 6,000-Yen Raise
The union representing Toyota Motor Corp.'s hourly workers tells Bloomberg News it is asking the company for a 1.7% monthly increase in base pay for its 63,000 members.
#labor
Share
The union representing Toyota Motor Corp.'s hourly workers tells Bloomberg News it is asking the company for a 1.7% monthly increase in base pay for its 63,000 members.
The raise would give workers 6,000 yen ($50) in additional income in the fiscal year beginning April 1. The union also is asking for bonuses equal to about seven months of salary, plus average one-time payments averaging 7,300 yen to workers who are promoted or achieve certain seniority levels.
A weak yen is expected to help Toyota earn about 2.1 trillion yen ($18 billion) in the current fiscal year, more than Japan's seven other carmakers combined. Bloomberg says government economists are hoping that bigger raises among Japan's largest companies will help strengthen the country's economy.
RELATED CONTENT
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.
-
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.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.