NEWSWORTHY
Major Japan firms dish out 2.53 percent wage hike on average during spring labor talks
Major companies agreed to raise monthly employee pay by ¥8,539, or 2.53 percent, on average for unionized workers in this year's shunto spring labor-management talks, a survey showed Tuesday. The average pay hike topped 2 percent for five years in a row and exceeded ¥8,000 ...
Japan's business lobby and union leaders meet for full-fledged spring wage talks
The leaders of Japan's largest business lobby and labor body met Tuesday for full-fledged shuntō spring wage negotiations. At the meeting in Tokyo, Sadayuki Sakakibara, chairman of the business lobby Keidanren, stressed that his group has made a stronger request than before for pay increases ...
Japan's largest business lobby seeks 3% pay hike in response to 'social demands'
Keidanren, Japan's most powerful business lobby, has renewed its call on member companies to implement a 3 percent pay hike ahead of annual labor-management wage talks, saying the increase is needed in response to "social demands." Following Prime Minister Shinzo Abe's repeated calls for pay ...
Toyota's unions to demand ¥3,000 pay-scale hike in spring wage talks
The federation of labor unions in the Toyota Motor Corp. group on Saturday adopted a unified request for a monthly pay-scale hike of at least ¥3,000 in this year's shunto (spring wage negotiations) with management. The Federation of All Toyota Workers' Unions made the decision ...
The Japanese Trade Union Confederation, or Rengo, adopted its policy on next year's shunto labor-management negotiations at a Central Committee meeting Tuesday, calling on member unions to demand wage increases of about 4 percent, including hikes of about 2 percent in pay scales. The Rengo ...
Auto unions seek repeat of 2016 base pay hike amid firms' cloudy earnings prospects
Annual spring wage negotiations between companies and labor unions got into full swing Wednesday with unions from Japan's major automakers demanding the same base wage increase as last year despite concerns about the industry's earnings prospects. The unions of Toyota Motor Corp. and Fuji Heavy ...
Rengo to focus on monthly pay in wage-hike talks, not annual income
This year's shunto spring wage talks should focus on raising monthly pay rather than annual pay, Rikio Kozu, president of the Japanese Trade Union Confederation (Rengo), said in an interview Thursday. Keidanren called on member companies to raise annual pay, including bonuses and allowances. Kozu said ...
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 influence ...
Return of shunto is hollow triumph for unions
Shunto is in full swing. Or so it should be. Or so they say. Shunto is the Japanese word for the annual spring round of wage negotiations conducted between big business and trade unions. This "spring offensive" used to feature large in the annual ...
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, Electronic ...
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.
For the first time since the 2008 failure of Lehman Brothers triggered the financial crisis, the wage situation for Japanese workers has brightened.
