Toyota drafting proposal for fully merit-based annual pay increases
It is rare for a major Japanese manufacturer to adopt a fully merit-based pay system, and the move is likely to affect the wage policies of other companies.
Major Japan firms agree to 2.12% pay hike in labor-management negotiations
Major companies agreed to raise monthly wages by ¥7,096, or 2.12 percent, including base wage increases, on average in this year's shuntō labor-management negotiations, according to Keidanren's final survey, released on Monday. The average growth topped 2 percent for the seventh straight year since the ...
Jittery over COVID-19, Toyota and other Japan firms shun base pay hikes
Major companies were reluctant to offer base pay hikes during annual wage talks, with Toyota Motor forgoing its uniform monthly pay-scale increase for the first time since 2013.
Spread of COVID-19 casts shadow over Japan's shuntō wage talks
The widening outbreak of the new coronavirus originating in China has started to affect annual shuntō wage negotiations. Tougher wage talks are expected this year, with management increasingly cautious about agreeing to pay hikes amid growing concerns over corporate performance. The Japanese Trade Union Confederation, or ...
Japan's efforts to raise wages wane as firms embrace merit-based pay
More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy. Ahead of annual labor talks set for March 11, ...
Japan's top business lobby calls for review of uniform base pay hikes
Keidanren called for a review of the practice that sees labor unions demand a uniform pay hike, saying the performances of individual firms and employees should be reflected.
Big Japanese firms offer smaller wage hikes as economy wobbles
Big firms offered smaller pay increases at annual wage talks Wednesday as the economy sputters, tempering hopes that domestic consumption will offset external risks to growth. Major firms are set to raise wages for a sixth straight year as Prime Minister Shinzo Abe kept up ...
Federation of Japan auto labor unions won't seek unified base pay hike
A group of Japanese automobile workers' unions decided Thursday that each union should set a specific monthly payment target for the annual labor-management wage talks this spring, instead of seeking a unified base pay rise as it has done in recent years. The decision by ...
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 ...
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 ...
