Ten electronics firms to approve ¥2,000 pay hike

JIJI

Ten major domestic electronics makers are expected to grant a uniform pay-scale increase of ¥2,000 in this year’s “shunto” spring wage negotiations, sources said.

The Japanese Electrical Electronic & Information Union, an umbrella body for electronics makers’ labor unions, demanded the ¥2,000 hike as the minimum necessary to avoid strikes, the sources said Saturday.

Representatives on the management side notified the union of their willingness to accept the demand, bringing this year’s spring wage negotiations to a conclusion with the highest pay-scale increase since 1998, the sources said.

Their official answer to the wage demand will be made Wednesday.

The union initially aimed for a uniform hike of ¥4,000 but decided on a ¥2,000 increase after negotiations.

The pay hike will be the first in six years for the 10 companies, which include the six heavyweights Hitachi Ltd., Toshiba Corp., Mitsubishi Electric Corp., Fujitsu Ltd., NEC Corp. and Panasonic Corp., as well as Oki Electric Industry Co., Fuji Electric Co., Meidensha Corp. and Yaskawa Electric Corp.