Chicago teachers' strike ends after 11 days without classes, with 16% pay hike pledged
Chicago teachers and the nation's third-largest school district reached a labor contract deal on Thursday, ending a strike that canceled 11 days of classes for more than 300,000 students. Mayor Lori Lightfoot announced that the district had reached a deal with the Chicago Teachers Union ...
Questions over raising minimum wages
The adoption of a social security policy for the purpose of a competition policy must be avoided.
U.S. business hiring hits seven-year low as sales slow, with Trump trade war blamed in survey
A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey found. Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have added to their workforces in ...
Japan union federation to demand minimum wage of ¥1,100, up from current average of ¥901
Japan's largest labor organization is set to seek a hike in the average hourly minimum wage at annual negotiations with employers next year in a bid to narrow wage gaps, sources close to the matter have said. The Japanese Trade Union Confederation, known as Rengo, ...
Maduro hikes Venezuela's minimum wage again, this time by 275% in face of 50,100% inflation
Venezuelan President Nicolas Maduro ordered a 275 percent increase in the monthly minimum wage on Monday, the third hike this year, as hyperinflation drains the value of workers' salaries. The minimum wage rose to 150,000 bolivars ($8) from 40,000, lawmaker Francisco Torrealba, a former labor ...
Worker shortage eating into Japanese day care centers' profits, survey shows
The profitability of private preschools, nurseries and certified day care centers plummeted from fiscal 2016 to in fiscal 2018, a Cabinet Office survey has found. The drop is believed to be the result of rising labor costs caused by the shortage of child care workers. Profit ...
Japan's household spending rises for ninth month but wages fall
Household spending rose for the ninth straight month in August, offering some relief for Japan's export-dependent economy amid weak global demand and the protracted U.S.-China trade war. But separate data released Tuesday showed wages fell for the eighth consecutive month, pointing to further strains on ...
Japan eyes hike in starting pay for SDF members as recruitment numbers falter
The Defense Ministry is considering an increase to the starting pay for Self-Defense Forces members from fiscal 2020, which begins in April next year, according to sources. The ministry aims to narrow the wage gap between SDF members and police officers in a bid to ...
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
Labor Ministry says minimum hourly wage to rise by ¥27 to ¥901 on average in 2019
The legally-set minimum hourly wage in Japan will rise by ¥27 to ¥901 on average in fiscal 2019, which started in April, from the previous year, the labor ministry said Friday. The minimum wage will be raised as early as October. Among the country's 47 ...
Labor ministry panel suggests hiking minimum wage by ¥27 to push Japan average above ¥900
The proposal marks the second consecutive year for a record increase, eclipsing the 2018 hike, and it could be the first time the wage exceeds the ¥900 mark.
