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Reading: Japan auto unions group revives wage hike goal for 1st time in 7 years By Reuters
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Japan auto unions group revives wage hike goal for 1st time in 7 years By Reuters
The Tycoon Herald > Business > Japan auto unions group revives wage hike goal for 1st time in 7 years By Reuters
Business

Japan auto unions group revives wage hike goal for 1st time in 7 years By Reuters

Tycoon Herald
By Tycoon Herald 1 Min Read Published December 11, 2024
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TOKYO (Reuters) -Labour unions at main Japanese auto producers will search month-to-month pay hikes of 12,000 yen ($79.15) or extra in annual spring wage negotiations subsequent 12 months, the unions’ group stated on Wednesday.

That is the primary time in seven years that the group, the Confederation of Japan Vehicle Staff’ Unions, has offered a particular goal for the labour talks.

The group determined to revive the precise goal to offer steering that smaller unions, akin to these at part makers, can leverage of their negotiations, its executives informed a information convention.

The group has 12 unions, together with the Toyota Motor (NYSE:) Staff’ Union, underneath its umbrella, with 784,000 employees in whole.

Japan auto unions group revives wage hike goal for 1st time in 7 years By Reuters

Japan’s largest labour union group Rengo, which has the auto unions group underneath its umbrella, is searching for wage hikes of not less than 5% in 2025, much like this 12 months’s hefty improve.

($1 = 151.6100 yen)

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