Labor unions at all of Japan's automakers are seeking an increase in base salaries and bonuses, as companies including Toyota Motor Corp.

and Honda Motor Co. forecast record profits this fiscal year.

At the annual spring labor negotiations, auto workers will seek yearly bonuses exceeding five months of salary, the first time in 15 years that unions have asked for the amount, according to Yasunobu Aihara, president of the Confederation of Japan Automobile Workers' Unions.

"The Japanese economy is at a major turning point," Aihara said in a briefing in Tokyo today. "To end the prolonged deflation and to ensure the nation's economy will revive and grow sustainably, all member unions decide to ask for an increase in monthly base pay."

Read Article

Japanese Unions Demanding Their Cut Of Weak Yen Profits

About the Author


User Comments

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img][/img]