NAGOYA (Kyodo) Toyota Motor Corp. intends to accept its labor union’s demand for bonuses averaging a record 2.44 million yen for this year, an increase of 90,000 yen over last year, sources said Tuesday.
It will be the sixth consecutive year Japan’s biggest automaker has accepted the union’s bonus demand in full.
For the third year running, Toyota’s union made no demand for a pay-scale hike during labor negotiations despite Toyota’s record-setting earnings. This pressured management into accepting its bonus demand in full.
Honda Motor Co. and Mazda Motor Corp. also intend to fully meet their labor unions’ bonus demands.
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