Mexican Media Brands
UPDATE: Toyota Raises Worker Compensation 3% in Japan
Toyota Motor Corp. has agreed to raise the monthly wages and other benefits for its hourly workers in Japan by 11,700 yen ($110), or 3.3%.
#labor
Share
Toyota Motor Corp. has agreed to raise the monthly wages and other benefits for its hourly workers in Japan by 11,700 yen ($110), or 3.3%.
The hike, which is Toyota’s fifth consecutive increase, will take effect when the next fiscal year begins on April 1.
Base monthly wages will rise by more than 1,300 yen, slightly above last year’s increase, according to Reuters. Toyota boosted base wages by 4,000 yen in 2015 and 1,500 yen in 2016.
Toyota’s actions are considered a bellwether for annual wage adjustments among major Japanese employers. Prime Minister Shinzo Abe has been urging major companies to raise wages by more than 3% to help stimulate Japan’s economic growth.
RELATED CONTENT
-
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.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.