Key firms agree to hike pay scales

Mar 12, 2014

Key firms agree to hike pay scales

Many major firms notified their labor unions Wednesday that they will raise pay scales to conclude this year’s spring wage negotiations, responding to strong calls from the administration of Prime Minister Shinzo Abe to help end long-standing deflation. Toyota Motor Corp., which has huge ...

Mar 9, 2014

Ten electronics firms to approve ¥2,000 pay hike

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 ...

Feb 21, 2014

Toyota mulls first pay hike since '08

Toyota Motor Corp. is considering carrying out its first pay scale hike in six years this spring, sources said Friday. The move comes as Prime Minister Shinzo Abe asks corporate managers to improve pay scales in order to help speed up economic recovery. A ...

Unions set to get forceful in pay demands

Feb 17, 2014

Unions set to get forceful in pay demands

The nation’s unions have started demanding wage hikes from cash-rich firms as annual pay talks get under way, setting up a rare showdown after years of drama-free labor relations. Unionists are questioning if usually quiescent workers should stick by a decades-long strategy of keeping ...

Feb 13, 2014

Pioneer's union to exit unified talks on wages

The labor union of Pioneer Corp. plans to withdraw from a unified campaign being pressed by an umbrella body for electronics makers’ unions when this year’s “shunto” spring wage talks get under way, sources said. Pioneer’s union wants to demand a monthly pay scale ...

Feb 5, 2014

Biz chiefs, unions start payroll talks

Base pay is the focus of this year’s “shunto” spring wage negotiations, as managers and labor leaders met Wednesday. The Japanese Trade Union Confederation, or Rengo, is demanding a 1 percent or more hike in base pay to help the nation beat deflation. Meanwhile, ...

Jan 28, 2014

Unions to demand robust pay rises

Unions are adopting robust demands for this spring’s annual “shunto” wage talks, with those of Toyota Motor Corp. considering an average ¥2.3 million annual bonus and the electronics industry its first basic pay hike in five years. For the talks, the 600,000-member Japanese Electrical, ...

Jan 24, 2014

Pay hikes to average 2.1% at big firms: poll

Wage hikes resulting from this year’s “shunto” labor-management wage negotiations are expected to average ¥6,413, or 2.1 percent, up from 1.8 percent last year, according to a think tank. Prime Minister Shinzo Abe is urging businesses to hike wages and has persuaded the influential ...

Nov 5, 2013

Real effect of wage increases

Despite signs that Japan Inc. may be ready to accept the prime minister's call to raise wages next spring, it's questionable whether the hikes would offest higher prices and taxes.

Oct 23, 2013

Rengo to demand pay hike of more than 1%

Rengo plans to demand a basic pay raise of more than 1 percent in next year’s “shunto” spring labor talks, a source close to the group said Wednesday. It will be the first time for Rengo — the Japanese Trade Union Confederation — to ...

Mar 18, 2013

Time for base wage increases

For the first time since the 2008 failure of Lehman Brothers triggered the financial crisis, the wage situation for Japanese workers has brightened.