Business | Feb 21

Honda and Mazda Respond Fully to Spring Wage Offensive

TOKYO, Feb 21 (News On Japan) - In this year's Shunto (spring wage negotiations), Honda and Mazda provided full responses to their labor unions on the 21st, marking the earliest responses among major automakers. Both companies plan to implement wage increases at a high level, and the focus is on whether this trend will spread further.

During this year's Shunto, Honda's labor union demanded a wage increase amounting to 20,000 yen per month, which represents the highest level in 32 years when combining base pay increases and regular wage hikes. In addition, they demanded a one-time bonus equivalent to 7.1 months of salary, which would be the highest ever. On the 21st, during the second round of labor-management negotiations, the company fully met the union's demands, acknowledging issues such as rising prices. The company aims to lead the direction of labor-management negotiations within its group companies.

On the other hand, Mazda responded fully on the 21st to the labor union's demand for a combined wage increase of 16,000 yen per month, which includes the equivalent of a base pay hike and regular wage increases. This represents the largest wage increase since the current personnel system was established in 2003. As both companies are the earliest responders among major automakers, with each company's labor union demanding high-level wage increases, the focus is now on whether this movement will continue to expand.

Source: NHK


MORE Business NEWS

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.

POPULAR NEWS

Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.

FOLLOW US