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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.
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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.
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