Honda says profit will determine pay

Dec 13, 2013

Honda says profit will determine pay

by Matthew Winkler and Alan Ohnsman

Honda Motor Co. Executive Vice President Tetsuo Iwamura said the automaker will set pay based on reaching profitability targets rather than government directives on how fast to increase compensation. Prime Minister Shinzo Abe has called four meetings since September with union and business leaders ...

Jul 19, 2013

Managers to get ¥100,000 incentive

Tokyo Electric Power Co. will pay a special bonus of ¥100,000 each to managers on Monday with the aim of preventing them from quitting, it was learned Friday. Tepco decided on the step after consulting the central government, although the payout may draw a ...